New York State Teachers’ Retirement System, Albany, is searching for a firm to provide trade cost analysis services for the $76 billion system’s domestic equity portfolio, according to an RFP on the system’s website.
The system has $34 billion in domestic equity “with approximately 95% internally managed in passive and enhanced strategies, and the remaining 5% managed externally by active managers,” according to the RFP.
“Under the direction of the managing director of public equity, the services to be provided by the successful vendor shall include reporting, analytical tools, customization to (the system’s) trading platform, consulting and client support,” according to the RFP.
The RFP is available at http://www.nystrs.org/main/about/procurement/TCA_RFP_9.23.10.pdf.
Proposals are due by 2 p.m. EDT Nov. 3 and must be sent to Joe Romand, Purchasing Unit, New York State Teachers’ Retirement System, 10 Corporate Woods Drive, Albany, NY 12211-2395.
The contract will be awarded Dec. 1; the selected firm will begin no later than Feb. 21, 2011, according to the RFP.