When is the submission deadline?

Submissions are due July 15, 2026. Questions must be submitted by June 25, 2026.

It was issued by City Of New York Office Of The Comptroller. The work is located in New York, New York, United States.

Who is a good fit for this opportunity?

Established investment management firm with expertise in equity index strategies. Experience managing capitalization weighted, smart beta, or factor-based indexes. Ability to adhere to strict investment guidelines set by public sector clients. Proven compliance and reporting track record. History of working with government or large institutional investors.

Equity Index Investment Management Products and Services (Due July 15, 2026)

Overview

Financial, Legal, HR & Staffing

New York, New York, United StatesPosted: June 18th, 2026Deadline: July 15th, 2026

Fit Score

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SUMMARY

New York seeks firms to provide and manage equity index investment products, with an option to create a pool of eligible future managers for government assets.

KEY REQUIREMENTS

Must have total firm AUM in Equity Index products of at least $20 billion
Must have at least one institutional account totaling $3 billion for five years
Must be a registered investment adviser under the Investment Advisers Act of 1940, a bank, or a non-U.S. entity registered with an appropriate local regulatory authority
Must demonstrate ability to manage equity index portfolios using full replication, optimization, or stratified sampling methodologies
Must agree to perform as a fiduciary to the systems consistent with ERISA standards
Must comply with the NYCRS Ethics and Compliance Policy
Must not use leverage, derivative strategies, or Exchange Traded Funds (ETFs) in the proposed products

CONTRACT DURATION

108 months

TIMELINE

Release Notice of Search: June 12th, 2026

Deadline to Submit Questions: June 25th, 2026

Response to Submitted Questions: July 8th, 2026

Deadline to Submit Information to Database: July 15th, 2026

Evaluation/Interviews/Selections: September 2026 to March 2027

Contract Funding & Start: June 2027

QUESTION DEADLINE

June 25th, 2026

CONTACTS

Primary procurement contact — name, title, email, and phone

Additional decision-makers and their departments

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Issuing Agency

City Of New York Office Of The Comptroller

Organization overview and procurement intelligence available on paid plans.

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DESCRIPTION

A government authority in New York is seeking vendors to provide equity index investment management products and services. This solicitation covers a wide range of equity index solutions, including capitalization weighted indexes, smart beta and alternatively weighted indexes, as well as other indexed portfolios such as factor-based strategies and those with carbon constraints.

The search aims to identify managers who may receive immediate asset allocations and to establish a pool of managers eligible for future allocations, should additional capacity be required or a current manager’s contract is terminated. All portfolios must comply with investment guidelines provided by the comptroller and must remain fully invested at all times with restrictions on cash holdings. The scope of this engagement excludes custody and securities lending services, and derivatives are not permitted. The initial contract period will last for one year.

Questions regarding this RFP must be submitted by June 25, 2026.

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Frequently asked questions

When is the submission deadline?: Submissions are due July 15, 2026. Questions must be submitted by June 25, 2026.
Who issued this RFP?: It was issued by City Of New York Office Of The Comptroller. The work is located in New York, New York, United States.
Who is a good fit for this opportunity?: Established investment management firm with expertise in equity index strategies
Experience managing capitalization weighted, smart beta, or factor-based indexes
Ability to adhere to strict investment guidelines set by public sector clients
Proven compliance and reporting track record
History of working with government or large institutional investors

Analysis generated by Settle AI from the source RFP.

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