US Core Fixed Income investment management services for the Bond Fund
Title:  

US Core Fixed Income investment management services for the Bond Fund

Agency:  

NYC Office of Labor Relations (OLR)

State:  

New York

NAICS Code:  

523140

Industry:  

Financial Services

Solicitation Type:  

Request for Proposal

Solicitation ID:  

PIN#214250000174

Open Date:  

5/22/2025

Close Date:  

6/16/2025

Last Updated:  

6/16/2025

Description:
The New York City Deferred Compensation Plan is seeking a vendor to provide passive investment-grade core bond investment management services for the Bond Index Fund. The objective of the Fund is to provide core bond exposure by investing passively in the Bloomberg US Aggregate Index. The vendor will be expected to provide investment management services through a non-lending commingled fund or separate account. • The vendor should have experience in providing investment management services for similar funds. • The vendor should be able to demonstrate their ability to provide passive investment-grade core bond investment management services. • The vendor should be able to provide a non-lending commingled fund or separate account. • Proposals from certified minority-owned and/or women-owned businesses or proposals that include partnering arrangements with certified minority-owned and/or women-owned firms are encouraged. • Proposals from small and New York City-based businesses are also encouraged.
Attached Files:

Please visit the bid source via the “Link to Bid Source” button below for documentation.

Contact Information:

Elizabeth Krupa

ekrupa@olr.nyc.gov

(212) 306-7646

Budget Estimate (AI):

$100,000 – $500,000

The budget for this opportunity is difficult to estimate as the document does not provide a specific amount. However, based on the scope of work, which involves providing investment management services for the Bond Index Fund, the budget could be in the range of $100,000 to $500,000 per year, depending on the size of the fund and the vendor's fees. The actual budget will depend on the vendor's proposal and the negotiation with the New York City Deferred Compensation Plan.

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