Requests for Information/Proposals/Bids
The State of Connecticut, acting through its Treasurer requests proposals from qualified firms interested in providing investment management services for the Core Fixed Income Fund (“CFIF”). The State intends to use this RFP process to select a pool of respondents that may be appointed by the Treasurer to supervise and direct the investments in a fixed income separately managed account.
The Treasurer, elected quadrennially, serves as the principal fiduciary of the $43 billion Connecticut Retirement Plans and Trust Funds (the “CRPTF”) comprised of 15 retirement plans and trust funds. An independent Investment Advisory Council (“IAC”), appointed pursuant to Connecticut General Statutes §3-13b, is charged with advising the Treasurer on matters pertaining to the investment of the CRPTF’s assets, and the Chief Investment Officer of the Office of the Treasurer oversees the day-to-day operations.
Respondents who would like to provide fixed income investment management services may submit proposals in order to be considered through this RFP process. The State expects to select respondents to provide Core Fixed Income investment management services for a 5-year period. The selected respondents will be expected to execute an investment management agreement with the Treasurer.
All responses must be submitted by August 27, 2021, via email to the attention of Steve Meier, Interim Chief Investment Officer at PFM.RFP@ct.gov.