Smaller asset managers pilot program
Ended Definitive Contract Awarded Last action
- Contract number
- 16PBGC22C0006
- Awardee
-
CSM Advisors LLC UEI M31CBWSAJVZ9
- Awarding agency
-
Pension Benefit Guaranty Corporation
- Obligated
- $526,307
Award facts
- Opportunity
-
- Smaller Asset Managers Pilot Program Special Notice · 16PBGC22Q0009 · Posted Nov 16, 2021
- Contract value 100% obligated
- $526,307.28 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- NAICS code
- 523920 Portfolio Management
- PSC
- R710 Support- Management: Financial
- Set-aside
- No set-aside
- Competition
- Not Competed · 1 offer Only One Source
- Pricing
- Firm Fixed Price
- Place of performance
- Washington, DC 20005, USA
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Funding Only Action | -$73,693 | |
| Exercise an Option | $200,000 | |
| Funding Only Action | $90,000 | |
| Original award | $310,000 |
About this award
The Pension Benefit Guaranty Corporation awarded a $526,307 definitive contract to CSM Advisors LLC, doing business as CS Mckee, to provide active investment management services for a U.S. core fixed income portfolio. The contract supports the agency's Smaller Asset Managers Pilot Program, initiated in 2016 to reduce barriers for smaller asset managers while maintaining rigorous investment standards. Per the original solicitation, CSM Advisors will manage the portfolio with the goal of exceeding benchmark returns over a full market cycle at an appropriate level of risk. Performance will be measured from January 1, 2022 through December 31, 2022, with an optional extension through June 30, 2023. The sole source award continues CSM Advisors' previous selection under the pilot program to identify firms expected to outperform benchmarks over full market cycles at an acceptable risk level. The contract has a firm fixed price and will be carried out in Washington, D.C.
Quick answers
Who was awarded contract 16PBGC22C0006?
16PBGC22C0006 was awarded to CSM Advisors LLC by Pension Benefit Guaranty Corporation on January 1, 2022.
How much is contract 16PBGC22C0006 worth?
The government has obligated $526,307 on 16PBGC22C0006.
Was contract 16PBGC22C0006 competed?
The extent of competition for 16PBGC22C0006 was not competed. The government received 1 offer.
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