New York Bids > Bid Detail

Active Short and Intermediate Term Fixed Income

Agency: The New York State Contract Reporter
Level of Government: State & Local
Category:
  • 65 - Medical, Dental, and Veterinary Equipment and Supplies
  • 70 - General Purpose Information Technology Equipment (including software).
  • Q - Medical Services
  • V - Transportation, Travel and Relocation Services
Opps ID: NBD15621009603909762
Posted Date: Nov 8, 2023
Due Date: Dec 15, 2023
Source: https://www.nyscr.ny.gov/ifram...
Issue Date: 11/08/2023 Contract Number: C240003
Active Short and Intermediate Term Fixed Income
Description:

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 Wednesday, November 8, 2023, is soliciting proposals from financial organizations to provide separate account contracts to be invested in fixed income securities and fully wrapped by the financial organization. Each separate account investment contract will be a portion of the New York State Deferred Compensation Plan’s Stable Income Fund. The Stable Income Fund is offered as an investment option 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 LLC’s website (https://callan.com/rfps/) and on the Board’s web site: deferredcompboard.ny.gov . The designated contacts for this procurement are Tom Shingler ( shingler@callan.com ) and David Miller (miller@callan.com).

The Board is seeking proposals from financial organizations to provide Active Short Duration Fixed Income and Active Intermediate Aggregate Fixed Income investment management services as detailed below.

  • Active Short Duration Fixed Income, benchmarked to the Bloomber1-3 Year Government/Credit Index or the Bloomberg 1-3 Year Government Index.
  • Active Intermediate Core Fixed Income benchmarked to the Bloomberg Intermediate Aggregate Index.

Proposals must be received no later than the close of business on December 15, 2023.

Due Date: 12/15/2023 5:30 PM

Contract Term: 10 years

Location: Albany

Ad Type: General

Technical contact: Callan LLC
New York State Deferred Compensation Plan

Thomas Shingler

1 Deforest Avenue
Suite 101
Summit, NY 07901
United States
Ph: 908-522-3888
Fax: 908-277-1503
shingler@callan.com
Primary Contact: NYS Deferred Compensation Plan
Callan LLC

Thomas Shingler
Vice President
1 Deforest Avenue
Suite 101
Summit, NJ 07901
United States
Ph: 908-522-3888
Fax: 908-277-1503
shingler@callan.com
Secondary contact: NYS Deferred Compensation Plan
Callan LLC

Thomas Shingler
Vice President
1 Deforest Avenue
Suite 101
Summit, NJ 07901
United States
Ph: 908-522-3888
Fax: 908-277-1503
shingler@callan.com

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