This Request for Proposal (“RFP”) is issued by the City of Philadelphia Board of Pensions and Retirement for a passive management (index) firm(s). Specifically, the Board is seeking domestic (USA) index funds for the Russell 1000 index, the Russell Midcap Index, and the Russell 2000 index Respondents may bid on one or more of the available mandates. Applicants should note that all proposal contents are subject to state and local public disclosure laws. The selected passive management (index) firm(s) will invest Board funds in an amount to be determined across the above listed strategies. The passive management (index) firm(s) will specifically: 1. invest Board funds across one or more of the following domestic (USA) strategies: a. Russell 1000 index b. Russell Midcap index c. Russell 2000 index 2. Provide monthly reporting in a format(s) required by the Board, general consultant, and custodial bank. 3. ,. Provide daily liquidity (as needed) for the Board’s funds as part of our cash management processes. 4. Invest the Board’s funds with minimal tracking error to the underlying benchmark(s). 5. Comply with all investment restrictions as required by law, ordinance, or Board policy (e.g., Sandy Hook Principles). 6. Achieve all investment objectives in a low-cost product(s).
