Our manager searches are driven by the understanding that each of our clients has a unique set of needs, concerns, and priorities
If you are interested in participating in any of the investment manager searches currently posted to our website, click below to download the RFP.
Public Notice
Meketa Investment Group is in the process of identifying qualified investment management organizations to manage an international equity mandate on behalf of the City of Oakland Police and Fire Retirement System (OPFRS). The size of the mandate is expected to be approximately $25-30 million but could vary depending on several factors yet to be determined.
Managers are encouraged to apply for Active and/or Passive. If submitting for both mandates, please submit separate RFP responses.
Asset Class Preferred Benchmark Size ($M) Preferred Vehicle
International Equity MSCI ACWI ex US (Net) $25M Commingled Fund
Only proposals for experienced managers of international equity strategies will be considered. Both active and passive managers will be considered; the strategy may include emerging markets equity, not exceeding 25% of the portfolio. If an active manager is selected, the Manager shall be expected to outperform the MSCI ACWI ex US (Net), net of fees; if a passive manager is selected, the Manager shall be expected to match the preferred benchmark’s risk and return attributes.
The funds shall be managed in compliance with City of Oakland Police and Fire Retirement System Investment Policy Statement and Manager Guidelines (“IPS”). Any proposal selected will be subject to (1) approval of the Board, and (2) a written contract.
To streamline the process, Meketa Investment Group requests the completion (or update) of the following through 9/30/2024:
the eVestment Alliance (“eA”) eASE Database firm and appropriate product questionnaires,
the questions contained in this document, and
certification that minimum qualifications have been met.
It is imperative that all data fields in the eA questionnaires be updated through 9/30/2024, including those areas that in the past your firm may have excluded. Please include all explanatory notes requested by eA such as “what is included in Other Assets.” Failure to do so may result in the immediate rejection of your response.
We request that the update of the eA databases and the completion of this RFP to Meketa Investment Group be no later than 5:00 pm Pacific time on January 10, 2025. If interested, please complete the questionnaire via DiligenceVault (linked below).
Quiet Period
Please note, as of December 11, 2024, the Client Board/Staff entered into a “quiet period”, during which time no Board/Staff member may knowingly have any communication with any actual or potential candidate for this mandate, unless authorized by the Board in connection with the due diligence process in selecting managers. The quiet period shall cease upon the Board’s entering into a contract for the investment manager(s) selected for the mandate. By participating in this RFP, you acknowledge and agree to adhere to the Board’s “quiet period” policy. The “quiet period” restricts representatives from your firm from having any communication with the Client Board/Staff members. A violation of the quiet period rule may result in disqualification of the candidate or other appropriate Board action.
Confidential or Proprietary Information
The information provided within the RFP are subject to the Sunshine Laws and Brown act, which are U.S. federal and state laws requiring regulatory authorities’ meetings, decisions and records to be made available to the public.
The offeror shall designate those portions of the RFP that contains trade secrets or other proprietary data/information that the offeror wishes to remain confidential. This information must be clearly marked on each page and readily separable from the proposal to facilitate public inspection of the non-confidential portions. The entire proposal CANNOT be considered confidential. The fee proposal CANNOT be considered confidential.
Please complete the RFP via DiligenceVault linked here:https://app.diligencevault.com/#/login?redirectId=60B2E235-91DC-462F-9AD6-3556CCB0E3A7
Public Notice
The Board Members of the Marlborough Retirement System (hereinafter “Board”) are seeking proposals from Domestic Small Cap Equity managers. The requested portfolios along with estimated market values and other pertinent information are provided below:
|
Asset Class |
Preferred Benchmark | Size ($M) |
Preferred Vehicle |
| Domestic Small Cap | Russell 2000 Index | $25M |
Mutual Fund/ Commingled Fund |
This search is required by the regulatory rules established by state law. The incumbent manager will also be considered for these mandates. Preference will be given to managers who have sufficient experience and capabilities managing Domestic Small Cap mandates but standalone submissions will be accepted. The firm must have:
• A minimum of $5 billion under management in total.
• A minimum of 5 years of operations for the firm.
• A minimum of $500 million invested in the strategy.
• A minimum five-year performance history in the Domestic Small Cap strategy (GIPS compliant).
• Portfolio managers with a minimum of 5 years’ experience managing Domestic Small Cap.
The funds shall be managed in compliance with Massachusetts General Laws, Chapter 32 and Chapter 176, the regulations of the Massachusetts Division of Public Employee Retirement Administration Commission, 840 CMR, and the Placement Agent Policy (available at https://www.mass.gov/lists/perac-compliance-investments-forms).
The selected manager(s) must have familiarity with, and agree to comply with Massachusetts General Laws, Chapter 32 and Chapter 176, the regulations of the Massachusetts Division of Public Employee Retirement Administration Commission, 840 CMR, and the PERAC Placement Agent Policy. Please see http://www.mass.gov/perac/ for details. All materials submitted in connection with this search may be subject to disclosure consistent with Massachusetts Public Record laws.
All bidders are hereby advised that any proposal selected shall be subject to (1) approval of the Board, (2) a written contract and (3) approval of the engagement by the Massachusetts Public Employee Retirement Administration Commission (PERAC). All materials submitted in connection with this search may be subject to disclosure consistent with Massachusetts Public Record laws.
Any questions pertaining to this Request for Proposal are to be in writing (please no calls) and directed to:
RFPresponse <[email protected]>
Please complete the RFP via DiligenceVault linked here:
https://app.diligencevault.com/#/login?redirectId=27DFFADD-3D6A-4DCA-8CEB-71698496088B
Bid deadline: December 23, 2024 @ 12:00pm EST