Passive Investment Management Services

The government authority in Chicago, IL seeks a USA-based onshore vendor to provide passive investment management services across a broad range of asset classes. Specifically, the buyer requires management of approximately $80 million of its domestic equity portfolio in an agency 1000 index strategy and approximately $30 million of its international equity portfolio in an agency index strategy. For the international equity strategy, the Board exclusively considers commingled or pooled funds. The vendor will perform all work offsite. The buyer evaluates proposals based on organization, resources, experience, investment team, investment philosophy, investment process, commitment to diversity, investment performance, and fees. The buyer does not provide a fixed budget and instead requests proposals to specify costs. The source text provides no key dates for this procurement opportunity.