New York Issues RFP For 'Green' Managers

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).


In Depth

Q&A: Open Season For Closed-End Funds

Aug 29 2014 | 10:00am ET

When Maury Fertig and Bob Huffman, former Salomon Brothers coworkers, launched...

Lifestyle

Och Funds Women In Finance Initiative At U-M

Aug 28 2014 | 3:01pm ET

Och-Ziff Capital founder Daniel Och and his wife have made a "generous donation"...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

The time was right

Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.