New York State Deferred Compensation Board Fixed Income Investment Management Services

The New York State Deferred Compensation Board seeks proposals from financial organizations to provide active intermediate core fixed income and active short duration fixed income investment management services. Selected managers will handle separately managed portfolios for the Stable Income Fund, with benchmark options including the Bloomberg Intermediate Aggregate, Intermediate Government/Credit, 1-3 Year Government/Credit, or 1-3 Year Government indices. Performance of work will occur offsite at the vendor's office premises. To be eligible, applicants must be USA-based financial organizations authorized to do business in New York State and registered as an investment adviser or qualified insurance company. Proposers must hold at least $1 billion in total fixed income assets as of June 30, 2026, have a strategy composite available in eVestment with performance history through the same date, and propose at least one portfolio manager with five or more years of experience. Submissions must include a complete PDF containing the RFP response, Appendices C and D, along with Excel versions of Appendices A and B. Evaluation criteria focus on product capabilities, organizational experience, asset transfer experience, cost efficiency, and minimum qualification compliance. Written questions are due by November 4, 2026, at 5:00 p.m. ET via email to [email protected] and [email protected]. Complete proposals must be received via email no later than November 18, 2026, at 5:00 p.m. ET. Budget specifics are omitted, but proposers must clearly indicate all service fees.