NYCRS Investment Grade Credit/Corporate Search

The comptroller of the City of New York, acting on behalf of the New York City Retirement Systems, and specifically the Teachers’ Retirement System of the City of New York, New York City Employees’ Retirement System, New York City Police Pension Fund, Subchapter Two, New York City Fire Pension Fund, Subchapter Two, and New York City Board of Education Retirement System (collectively “NYCRS” or the “Systems”), is conducting this investment manager search to identify and select investment management firms, or a pool of investment management firms, to create and manage one or more investment grade credit or investment grade corporate fixed Income portfolios for the System(s).

For Callan, investment firms must submit their information directly to the investment consultant. Information on requirements for entering information into these databases can be found at www.callan.com (click on “Manager Questionnaire”). If you are submitting a carve-out strategy, you must include the words “Carve Out” in the name of the product you enter into the database. In addition, send an email to nycers@callan.com specifying the name of the carve-out strategy you have submitted and describe in what way the strategy is a carve-out.

All firms must ensure that they completely identify their firm and product information in the aforementioned database. Additionally, firms must ensure that the information is current and accurate as of September 30, 2018 (information such as organization, product, returns, portfolio characteristics and AUM data).

Current and accurate data must be in the aforementioned Callan database no later than January 23, 2019, at which time Callan shall commence its review of the database.

For further detail, please review the Notice of Search, including minimum requirements.

For an updated due date for the submission of questions, please see Addendum #1.