Passive Core Bond Service

The government authority located in Massachusetts requires investment management firms to provide passive core bond service. The selected vendor will manage up to 15% of the agency's defined benefit plan, with the actual dollar allocation determined as a percentage of the portfolio that may fluctuate based on total portfolio market value. The buyer limits eligibility strictly to onshore USA organizations. The vendor will perform all work offsite. The buyer has not disclosed specific budget details and is looking for proposals to determine the cost. The main RFP document is not available on the buyer's website, and the provided text lacks additional details regarding evaluation criteria or key dates.