Government Contract | South Carolina
EXECUTIVE SEARCH SERVICES PENSION AND ASSET MGT

Bid Information


Bid Alert No: 00000515623

Bid Title: EXECUTIVE SEARCH SERVICES PENSION AND ASSET MGT

Agency Bid No. Title: 5400010846

Received Date: 03/17/2016

Close Date: 04/11/2016

Purchase Type: 1 year term

Delivery Point:

Delivery Date: Not Stated

Special Notices: Questions Due By Optional 03/18/2016 05:00 PM, Pre-Bid Conference Optional 03/18/2016 02:00 PM

Specifications

Specifications include, but are not limited to:The purpose of this solicitation is to establish a source of supply for Executive Search Services for use by the South Carolina Retirement System Investment Commission as needed.BackgroundEffective October 1, 2005, the State Retirement System Preservation and Investment Reform Act (Act 153) established the South Carolina Retirement System Investment Commission (RSIC), a seven-member commission made up of five appointed members (that meet statutory criteria to serve), the State Treasurer, and the Executive Director of the Public Employee Benefit Authority (PEBA) (the Commission). Act 153and transferred fiduciary responsibility for all investments of the Retirement System upon the RSIC, provided that equity investments not exceed 70 percent of the total investment portfolio (formerly 40 percent), and created the position of Chief Investment Officer.MissionThe RSIC is responsible for investing and managing all assets held in trust for the participants and beneficiaries of five governmental defined benefit plans collectively referred to hereinafter as the Retirement System or Systems.The RSICs primary investment objective is to provide, over long-term periods, an adequate pool of assets to support the benefit obligations to participants and beneficiaries of the Retirement System. A secondary objective is to reduce, over time, the unfunded liability of the Retirement System. In pursuing these objectives, the RSIC seeks to achieve a high level of investment return consistent with a prudent level of portfolio risk.Scope of WorkThe Contractor shall be responsible for conducting a national search for qualified candidates for the role of Chief Investment Officer to be employed by the RSIC.The Contractor may also be responsible for future Executive searches for roles including Chief Executive Officer and Chief Investment Officer to be employed by the RSIC. Any future searches, regardless of position, will be directed by the RSIC Commission and that the Contractor will be provided additional information at that time before being asked to issue a searchCandidates shall have the background and experience necessary to carry out the duties and responsibilities set forth in the job description in Attachment A.The Contractor will be notified by the RSIC of the need to conduct a search for an open position.RSIC may post and fill open positions without using the services of the Contractor.

Bid Related Documents

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Bid Related Attachments

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Product Code: 96130

Agency Information


Issuing Agency: South Carolina Retirement Systems Investment Commission

State: South Carolina

Agency Type: State and Local

Contact: 1201 Main Street, Suite 1510, Columbia,, South Carolina, 29201

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