New York State Deferred Compensation Plan: Separately Managed Cash Fixed Income Portfolio Search (Stable Income Fund)
The State of New York, through the New York State Deferred Compensation Board, is seeking formal written proposals from financial organizations to provide a separately managed cash fixed income portfolio within the plan’s Stable Income Fund that is benchmarked to the Bank of America Merrill Lynch 3-Month T-Bill index.
One or more financial organizations may be selected for purposes of investing a portion of the plan’s Stable Income Fund in a separately managed cash fixed income cash portfolio. Assets will be held in a custodial account at the plan’s custodian on behalf of the Stable Income Fund.
To be eligible for selection, the financial organization must be duly authorized to do business in the State of New York, and be (i) a registered investment adviser under the Investment Advisers Act of 1940, as amended, or (ii) a bank, as defined in that Act; or (iii) an insurance company qualified under the laws of more than one state to manage, acquire or dispose of assets of plans which meet the requirements for qualification under the Internal Revenue Code, governmental plans and eligible state deferred compensation plans.
RFP Submission Deadline:
Dec. 16, 2022
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