Active Bid Opportunities
Bid Information
I-2019-2 (Phase 1)
HIGH-YIELD FIXED INCOME INVESTMENT MANAGEMENT SERVICES
Request for Proposals
Description
1. The Iowa Public Employees’ Retirement System (“IPERS” or “System”) is issuing this
Request for Proposal (“RFP”) for the purpose of hiring one or more investment
management firms (each a “Manager”) to acquire and actively and/or passively manage
high-yield fixed income securities on behalf of the System.
2. The selection process will be conducted in three phases. Phase 1 (currently starting via
this RFP) will collect primarily investment return information concerning potential Products.
This information will be quantitatively evaluated and scored (see criteria in Part 2.K) to
obtain a group of the highest scoring Products that will then advance to Phase 2. In Phase
2, the short-listed Managers will be notified and requested to submit additional detailed
information concerning their investment processes, portfolio construction, and risk
management processes, as well as other aspects of the Product or the firm. An evaluation
committee will evaluate the responses received in Phase 2 and determine which
Managers should proceed to due diligence (Phase 3). Due diligence (including possible
on-site visits) will be conducted to evaluate the potential Managers’ operations, stability,
and ability to work with IPERS. IPERS reserves the right to modify this process as
necessary. Notices of intent to award will be issued after the completion of Phase 3 and
upon the Investment Board’s approval to proceed. Even if a notice of intent to award has
been issued, a proposal may be rejected in IPERS’ sole discretion if the bidder and IPERS
cannot agree on contract terms and conditions.
3. Any firm that meets the minimum requirements of this RFP is encouraged to submit a
proposal by following instructions set forth in Part 2.A. The RFP is available electronically
on the IPERS website, www.ipers.org , the State of Iowa website, www.iowa.gov , and on
the Wilshire website,
http://web.wilshire.com/BusinessUnits/Consulting/Research/ManagerSearch
Agency Information
553
IPERS
7401 REGISTER DR
Des Moines, IA 50321
Contact Information
Valid Dates
10/15/2018 9:30:00 AM
11/6/2018 3:00:00 PM
Documents/Attachments
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