APP 1526 - Index Portfolio Management and Transition Management Services
Closed Solicitation Posted
- Solicitation number
- 1526
- Responses due
- Set-aside
- No set-aside
Opportunity facts
- NAICS code
- 525910 Open-End Investment Funds
- PSC
- R710 Support- Management: Financial
- Place of performance
- Washington, District of Columbia, United States
- Points of contact
-
- Marius Morgan morgan.marius@pbgc.gov (202) 793-0321
- Dennis Johnson johnson.dennis@pbgc.gov
Notice details come from SAM.gov. Updated .
About this opportunity
The Pension Benefit Guaranty Corporation (PBGC) is seeking contractors to provide index portfolio management and transition management services. The purpose is to obtain efficient and cost-effective exposure to public equity and fixed income markets worldwide through index management, as well as enable PBGC to rebalance and reshape its investment portfolios managed by other firms through transition management services. The solicitation has strict requirements related to reporting, compliance, disaster recovery, and key personnel qualifications. Offerors must submit a two-phase proposal, with initial mandatory requirements due by June 10, 2024 and the full technical and business/price proposals due on a later date.
This opportunity is not set aside for any specific business category. The solicitation does not provide details on incumbent contractors, award values, or budget ranges. However, it does mention estimated initial allocations ranging from $100 million to $7.6 billion across 11 different benchmark indices. The period of performance is a one-year base period with nine one-year option periods, and the place of performance is located in Washington, DC.
Notice text
The purpose of this requirement is to provide efficient and cost-effective exposure to publicly traded equity and fixed income markets worldwide. Index management services have been used in asset classes that are efficient, where active management is not consistently effective on a risk adjusted, net of fees basis. Index management services are also used to allow for short-term and nimble exposure to asset classes and to allow for rebalancing trades that are low cost and that can be implemented quickly.
PBGC uses the Index Management provider to perform transition management. Transition management service allows for PBGC to make partial or whole sales from portfolios managed by other investment management firms (or the index fund manager), and purchases to add to existing or new portfolios managed by other investment management firms (or the index fund manager). In this way the Transition manager helps asset owners like the PBGC shape and rebalance their portfolios. Transition managers operate in an arm’s length fashion from other asset managers, and are trusted by asset managers, and asset owners (like PBGC) to confidentially handle portfolio position information for both the portfolios that are sold and constructed. Index management firms tend to offer transition management services, so this search is for both kinds of services.
Attachments
| File | Type | Posted |
|---|---|---|
| Amendment 1.zip | ZIP file | |
| RFP Attachments_16PBGC24R0008.zip | ZIP file | |
| RFP.pdf | ||
| 16PBGC24R0008_1449.pdf | ||
| Signed Solicitation Cover Letter_16PBG24R0008.pdf |
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