Passive U.S. Equity and U.S. Core Fixed Income Management Services

Pursuant to the provisions of 9 NYCRR, Section 9003.2 authorized by Section 5 of the State Finance Law, the New York State Deferred Compensation Board, beginning September 6, 2024, is soliciting proposals from financial organizations to provide Passive U.S. Equity and U.S. Fixed Income management services. The funds will represent investment options under the Deferred Compensation Plan for Employees of the State of New York and Other Participating Public Jurisdictions, a plan meeting the requirements of Section 457 of the Internal Revenue Code and Section 5 of the State Finance Law, including all rules and regulations issued pursuant thereto. 

A copy of the request for proposals will be posted on Callan’s website, callan.com, and the Board website, www.deferredcompboard.ny.gov. All proposals must be received no later than 5 PM Eastern time on October 4, 2024.

The Board is seeking proposals from financial organizations to provide Passive U.S. Equity and U.S. Core Fixed Income Management as detailed below. Existing managers are invited to rebid.

• Large Cap Core Passive, benchmarked to the S&P 500 Index.
• Small-Mid (SMID) Cap Core Passive, benchmarked to the Russell 2500 Index or equivalent SMID Index.
• Core Fixed Income, benchmarked to the Bloomberg U.S. Aggregate Bond Index.

The process is open to evaluating mutual funds, CIT’s, or other daily valued, daily liquid pooled vehicles that are eligible for inclusion in the Plan, not to separately managed accounts.