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State of California to Issue a RFP for LCG Equity Investment The State of California's Department of Personnel Administration (DPA) anticipates releasing a RFP soliciting bids for a Large Capitalization Growth Equity (actively managed) strategy for the Savings Plus Program, the State’s $5.7B defined contribution plan. DPA selects investments through a competitive process that considers the firm’s background and experience; investment strategy, philosophy, and process; investment performance; fees; operational information; and finalist interviews. The Agreement resulting from this RFP will be for a five-year period beginning July 1, 2009, with the option to extend the contract for two additional one-year periods. For a bid package, please visit www.cscr.dgs.ca.gov/cscr on or after January 30, 2009. Select “View By Contract Number Or Agency” then select “Agency” and scroll to “Department of Personnel Administration” and click the submit button. If you’re unable to download the bid package because you don’t have a username and password, follow the instructions for “click here to register for a username and password.” If you’re still unable to download after following the instructions, e-mail sarahreader@dpa.ca.gov to request a hard copy. Final proposals are anticipated to be due by 4:00 p.m. (PT) on March 2, 2009. |
