Government Contract | Missouri
Large Cap Equity Growth Investment Manager

Bid Information

Bid Alert No: 00000590899

Bid Title: Large Cap Equity Growth Investment Manager

Agency Bid No. Title: Not Stated

Received Date: 06/07/2016

Close Date: 07/15/2016

Purchase Type: Not Stated

Delivery Point:

Delivery Date: Not Stated


Specifications include, but are not limited to:The Board of Trustees of the Employees Retirement System of the City of St. Louis requests proposals from qualified investment managers to provide investment management services to the Board, on behalf of the Plan, which has a combined market value of approximately $750 million. The Board employs a multiple manager approach to investment of the Plans assets. The Board seeks a domestic large cap growth equity manager to manage a portfolio to be benchmarked against the Russell 1000 Growth Index. The initial portfolio assignment isestimated to initially be approximately $30 million. The actual dollar amount of the assignment could change. In order to qualify for consideration, your firm and your firms product must meet the following criteria. IF ALL CRITERIA ARE NOT MET, PLEASE DO NOT SUBMIT A RESPONSE. Requirements: Proposed product must be domestic large cap growth, not core or value. Separate accounts, commingled funds and mutual funds will be considered. The firm must have an institutional capability and the ability to manage a $30 million mandate. The firm must have a minimum live track record of five (5) years for the strategy proposed as of March 31, 2016. The firm must have a minimum of $300 million in assets under management in the proposed product as of March 31, 2016. The proposed product must have multiple institutional investors already invested as of March 31, 2016. Performance data submitted must be CFA Institute GIPS compliant and/or audited as of March 31, 2016. Performance for the domestic large cap growth product must exceed the performance of the Russell 1000 Growth Index, on an annualized net of fees basis, over the trailing 10-year period or since the products inception, whichever time period is shorter, as of March 31, 2016. Fees for proposed product should not exceed 75 basis points for a mandate size of $30 million. Please submit your best and final fee proposal with the RFP response. Investment manager must be currently registered and maintain registration as an investment advisor under the Investment Advisors Act of 1940

Bid Related Documents

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Product Code: 94656

Agency Information

Issuing Agency: City of St. Louis

State: Missouri

Agency Type: State and Local




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