City of Medford: S&P 400 Manager Search

Posted on: September 11, 2018

The City of Medford Retirement Board is soliciting proposals from investment management firms to manage a passive S&P 400 Index mandate for the System's $198 million, defined benefit pension fund. The System will place up to $7 million with the passive S&P 400 Index manager.  Investment managers selected must have familiarity with and agree to comply with Massachusetts G.L. Chapter 32 and Chapter 176 of the Acts of 2011 and all applicable investment guidelines administered by PERAC, including the restriction on investing in tobacco-related companies.  In order to be considered, each firm’s passive S&P 400 Index product must meet the following minimum criteria: 1) Minimum passive S&P 400 assets under management of at least $500 million, 2) Minimum track record of at least ten years, 3) The product vehicle must be a pooled investment vehicle (mutual or commingled fund).  

If you are interested in participating in the search, please complete the attached form in Appendix I and update eVestment through 2Q 2018 at www.evestment.com.  In addition, please provide NEPC with the following information:

  1. A cover letter indicating your firm’s interest in the search.  Please include the vehicle you are proposing for this search and the fee schedule you are proposing for this mandate.
  2. An email copy of all eVestment information at the firm and product level for the proposed strategy.  Please clearly indicate the product type category in which you classify your product.
  3. Completion of the following PERAC forms: vendor certification, placement agent statement, disclosure of conflict of interest, disclosure of compensation received, and disclosure of compensation paid.

All proposals must be submitted via email to Stephanie McMurray at SMcMurray@nepc.com by 4:00 pm (EDT) on Tuesday September 25, 2018.  No proposals will be accepted after this deadline.  (All data should be updated through June 30, 2018.)   The subject line of your e-mail should also include reference to City of Medford Retirement Board.


2018 S&P 400 Cover Letter

2018 S&P 400 RFP Advertisement


Placement Agent Form

Vendor Certification Form

Vendor Contact Information

Vendor Disclosures

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