NYSIF Announces Procurement: Emerging Manager of Managers

June 29, 2009

The New York State Insurance Fund (NYSIF) has announced it is seeking investment management firms specializing in creating discretionary “emerging” manager of managers programs focused on active US domestic equity investment managers. For purposes of this RFP, the products must be benchmarked against a US equity index that is equivalent to any of the following: S&P 500 Index, Russell 1000 Index, Russell 3000 Index, or Wilshire 4500 Index. The products should have a track record of at least 3 years. Additional specifications and requirements are defined in the solicitation document.

If you are unable to obtain a copy of the Request for Proposal from our website, please e-mail Michelle Gilchrist to request a copy, with “2009-09-INV” in the subject line.

All amendments, clarifications and any announcements related to this procurement will be posted on the NYSIF’s website at: www.nysif.com/procurement.

It is the responsibility of the Bidder to check the website for any amendments, clarifications or updates. All applicable amendment information must be incorporated into the Bidder’s proposal. Failure to include this information in your proposal may result in the Bidder’s proposal being deemed non-responsive.

Please note, the due date for submission of proposals is August 12, 2009, 2:00 p.m. (Eastern).

You can continue to find NYSIF and other New York State procurement opportunities in the New York State Contract Reporter.

NYSIF has established a minimum goal of 20% Minority/Women-Owned Business Enterprises (M/WBE) participation for investment manager services.  NYSIF encourages the participation of Minority and Women-Owned Business Enterprises in its procurement projects. For more information please email us at contracts@nysif.com. For more information on becoming a certified Minority/Women Business Enterprise please visit the Division of Minority and Women Business Development.