Meketa Investment Group regards each search as unique, driven by specific client needs, and requiring a fresh and comprehensive review of the marketplace. To facilitate our searches for appropriate managers, we use eVestment Alliance and Morningstar databases to conduct broad initial screens of the manager universe. Additionally, we compile our own proprietary manager database of approximately 2,000 investment managers and over 3,500 of their respective investment products. Each search is conducted in an open, competitive manner, consistent with our role as a fiduciary.
We post RFPs for certain investment manager searches. If you are interested in participating in a search, please download the RFP and submit it, as described below.
Town of Lexington Retirement System - Domestic Equity Index Search
The Board Members of the Town of Lexington Retirement System (hereinafter "The Board") are seeking proposals from domestic equity passive index managers. Preference will be given to managers who have sufficient experience and capabilities managing domestic equity strategies. The Manager selected shall be expected to match the Russell 1000 index. The Board reserves the right to reject any and all proposals at its discretion.
The Board intends to invest approximately $20 million in total.
Only proposals for experienced managers of indexing strategies will be considered. Respondents must have been in operation for at least three years and have total assets under management exceeding $500 million. Preference will be given to firms which can provide all services but partial responses will be considered. The objective of this Request for Proposal shall be to identify that manager whose expertise will best meet the Board's goals and needs.
The funds shall be managed in compliance with Massachusetts General Laws, Chapter 32 and Chapter 176, the regulations of the Massachusetts Division of Public Employee Retirement Administration Commission, 840 CMR, and the Placement Agent Policy (available at http://www.mass.gov/perac/docs/forms-pub/memos/2011/perac-placement-agents-policy.pdf).
All bidders are hereby advised that any proposal selected shall be subject to (1) approval of the Board, (2) a written contract and (3) approval of the engagement by the Massachusetts Public Employee Retirement Administration Commission (PERAC).
Bid deadline: December 6, 2019 at 3:00pm EST
State Universities Retirement System of Illinois - Global Equity Search
Meketa Investment Group is in the process of identifying qualified investment management organizations to manage a Global Equity mandate on behalf of The State Universities Retirement System of Illinois (SURS). The size of the mandate is expected to be approximately $800 million but could vary depending on several factors yet to be determined. Please contact John Harris (email@example.com), David Hetzer (firstname.lastname@example.org), and the Procurement Officer (Procurement_Officer@surs.org) with any questions.
Bid deadline: December 9, 2019 at 4:30pm Central Time