Index Fund Manager

Added: January 2, 2008 Modified: Jun 06, 2008 2:01 pmTrack Changes The Pension Benefit Guaranty Corporation "PBGC" intends to procure on a full and open competitive basis, investment management services. The investment management organization retained under contract by PBGC must be responsible for providing investment management and potentially custody of five index fund mandates:



(1) a passive small capitalization equity index fund, benchmarked to the Dow Jones Wilshire 4500 Index (or reasonable equivalent);

(2) a passive core non-U.S. developed markets equity index fund, benchmarked to the MSCI EAFE index (or reasonable equivalent);

(3) a passive core Canada equity index fund, benchmarked to the MSCI Canada Index (or reasonable equivalent);

(4) a passive core global emerging markets equity fund, benchmarked to the MSCI Emerging Markets Index (or reasonable equivalent); and

(5) a passive real estate equity index fund, benchmarked to either the Dow Jones Wilshire Real Estate Securities Index or the Dow Jones Wilshire REIT Index (or reasonable equivalent).



Reference the solicitation and earlier annoncement for further information. The period of performance for the base year shall be from time of award through one year with six one-year options for renewal. The solicitation document, including amendments, will be distributed though the www.fbo.gov web site. The site contains downloading instructions. Interested parties are responsible for monitoring the site to assure that they have the most up to date information about this acquisition. Paper copies of the solicitation and associated amendments will not be available. The estimated date for release of this solicitation is on or about June 10, 2008.

Added: January 2, 2008 The Pension Benefit Guaranty Corporation "PBGC" intends to procure on a full and open competitive basis, for an investment management organization. The investment management organization retained under contract by PBGC must be responsible for providing investment management and potentially custody of a passive small capitalization equity index fund, benchmarked to the Dow Jones Wilshire 4500 Index (or reasonable equivalent). Those assets must be managed with full discretion in accordance with the fund documents, the policies of PBGC and the strategy and objectives mutually agreed upon between the investment manager and PBGC. Written investment guidelines will be provided to the manager as part of the investment management agreement. The investment manager must be expected to adhere to the investment style for which it was retained, unless mutually agreed upon with PBGC. PBGC may, under this contract, receive any of the investment manager's internal or external investment, market and economic research training materials and support capabilities and services in the performance of PBGC?s investment responsibilities. This does not include proprietary models or information unique to the investment manager?s investment process. Under this contract, PBGC may, at its discretion, utilize other investment advisory services offered by the investment manager. The investment manager must maintain close contact with the Financial Operations Department's Treasury Division (TD) and must serve as a resource of economic and investment information and research. The investment manager must keep PBGC fully informed of the rationale for the investment manager?s investment decisions and changes in the portfolio under its management.The investment manager must work closely with PBGC?s custodian bank to facilitate the efficient and timely recording of purchases, sales and other activity, reconcile securities and cash balances and provide information necessary to calculate performance results. The investment manager must also be responsible for timely notification to PBGC of significant changes in personnel, ownership, resources, or firm direction. The investment manager must have fiduciary responsibility for the assets under its management. The period of performance for the base year shall be from time of award through one year with six one-year options for renewal. The solicitation document, including amendments, will be distributed though the ww.fbo.gov web site. The site contains downloading instructions. Interested parties are responsible for monitoring the site to assure that they have the most up to date information about this acquisition. Paper copies of the solicitation and associated amendments will not be available. The estimated date for release of this solicitation is on or about January 14, 2008.