New York City Deferred Compensation Plan issued an RFP for an international value equity manager.
The RFP is routine because the contract for the current manager, Mondrian Investment Partners, will expire in March 2023, said Dean Weltman, executive counsel and agency chief contracting officer, in an email.
Mondrian will be invited to rebid, Mr. Weltman said. The firm manages about $867 million for the deferred compensation plan, whose total assets are about $27 billion.
The new contract will run for five years, although it can be renewed for an additional five years, Mr. Weltman said.
The goal of the plan's international equity fund "is to provide exposure to the broad international equity market," the RFP said.
Proposals must be submitted by June 29 to NEPC, the plan's investment consultant. A contract award is scheduled for early September.
Additional information may be obtained via the website of the New York City Office of Labor Relations. Registration is required.
