NYC Pensions Seek Public Equities Passive Index Asset Managers

Дата публикации: 23-06-2026 15:56:07

Array

Основное содержимое страницы с новостью.

The pension funds seeking asset managers are the Teachers’ Retirement System of the City of New York, the New York City Employees’ Retirement System, the New York City Police Pension Fund and the New York City Fire Pension Fund. The New York City Board of Education Retirement System, the smallest of the five pension funds, is currently not part of the manager search but may choose to participate at a later date, according to the comptroller’s office .

The five retirement systems hold nearly $320 billion in assets, including more than $127 billion in public equity investments, with the majority allocated to passive index products. The amount allocated to managers selected through the search will be determined based on the needs of each system.

The comptroller’s office will manage the search, while the board of trustees of each pension fund, in cooperation with general investment consultants and the Bureau of Asset Management, will “engage in a rigorous review.” The contract will have an initial term of three years, with options to extend for up to an additional six years.

All of the pension funds’ current equity index managers must participate in this procurement process if they want to be considered for award of a contract under this search, the search notice stated.

“Fulfilling our mandate of delivering strong returns for our public sector workforce and retirees requires ongoing review of our contractual relationships with each of our asset managers,” New York City Comptroller Mark Levine said in a statement. “We cannot keep these relationships on autopilot.”

Per the minimum requirements of the search, prospective bidders must have at least $20 billion in equity index assets under management, with at least one institutional account worth at least $3 billion for at least five years. They also must have a “demonstrated ability” to manage equity index portfolios using either full replication, optimization or stratified sampling methodologies.

Proposals for investment products using leverage, based on derivative strategies or based on exchange-traded products will not be considered, the search notice stated.

Firms interested in bidding must register to download a copy of the notice of search, which details the scope of work, minimum requirements and how to participate. The deadline to submit proposals is July 15.

Схожие новости

#	Наименование новости	Тональность	Информативность	Дата публикации
1	New Jersey Pension Fund Seeks Emerging Private Equity Managers	0	10	23-06-2026
2	Illinois Teachers’ Seeks International Equities Managers	0	10	08-07-2026
3	Verizon, Lockheed Martin to Outsource Pensions to Goldman Sachs Asset Management	0	8.4	09-07-2026
4	Emerging Hedge Funds Finding Their Footing Earlier	0	10	30-06-2026
5	Биржевые индексы в Нью-Йорке понизились	0	0	20-11-2020
6	What Do Limited Partners Want From Their Managers?	0	10	29-06-2026
7	Биржевые индексы в Нью-Йорке выросли	0	0	25-09-2020
8	Pension funds may regret benchmarking their PE portfolios to stonks	0	8.71	21-07-2026
9	Civic Federation’s State Pension Dashboard	0	10	07-08-2026
10	Pensioni NY, bandi monstre in chiave Esg	0	5	25-06-2026

Классификация: Пресс-релизы. Схожих патентов: 0. Схожих новостей: 10. Тональность: 0. Информативность: 10. Источник: www.ai-cio.com.