Wednesday, 30 July 2014
Last updated 15 hours ago
Mar 20 2007 | 11:17am ET
The New York City Employees’ Retirement System and Teachers’ Retirement System have issued a request for proposals for investment advisors to manage environmental/sustainable investment strategies in U.S., international and global equity markets.
The comptroller’s office stated that it does not have a preference as to the types of managers--be it traditional or alternatives--but the strategies proposed must be for an environmental/sustainable product as defined in the RFP. Firms must have at least $100 million in institutional assets under management and at least $10 million of that total in environmental/sustainable equity products.
The individual portfolios awarded are expected to fall within the range of $20 million-$100 million. Contracts will be for a term of three years with renewal options totaling an additional six years at the discretion of the comptroller.
According to the RFP, environmental/sustainable investment strategies are defined as “strategies that target environmental technology solutions that are more efficient and less polluting than existing technologies, minimize the use of natural resources, and/or reduce emissions, refuse, and/or contamination to air, water or land.”
The deadline for the RFP, which can be accessed at http://comptroller.nyc.gov/, is March 29 at 4:00 P.M. (ET).
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…