Open Procurement 2: CTF Active Emerging Markets Managers

The Washington State Investment Board (WSIB) is conducting a rolling open procurement to select investment managers that will actively manage emerging‑markets equity portfolios for the Commingled Trust Fund (CTF). The search remains open until WSIB staff and the Board determine otherwise, and managers are evaluated continuously against a broad‑universe, long‑only, daily‑liquid emerging‑markets equity strategy benchmarked to MSCI EM IMI (or a mutually‑agreed benchmark). Interested managers must be listed in the eVestment database, be SEC‑registered (or equivalent), meet fiduciary, insurance, and control‑environment requirements, and be GIPS‑compliant (or commit to compliance within 12 months). The procurement does not specify a fixed submission deadline; firms may request a meeting with WSIB to present their capabilities. • Scope: Active management of broad emerging‑markets equity portfolios for a public‑pension‑type fund (CTF). • Eligibility: Must have an existing EM equity strategy, be listed in eVestment, have SEC‑advisor registration, provide E&O insurance, and meet internal‑control audit standards. • Process: Continuous screening; optional pre‑bid meeting (1 Jan 2025) with materials due 2 business days prior; no formal bid deadline; final award after Board approval. • Contractual terms: Fiduciary certification, Washington‑state law governing, indemnification, data‑sharing compliance, and GIPS compliance.