State of California to Issue a Request for Proposal for Seven Investment Products

The State of California's Department of Personnel Administration (DPA) recently released a Request for Proposal (RFP) soliciting bids for seven (7) investments in the following categories: 1) Bond Index, 2) Large Cap Equity Index, 3) International Equity Index, 4) Mid Cap Equity Index, 5) Small Cap Equity Index, 6) International Value Equity (actively managed), and 7) International Growth Equity (actively managed). Three of these investments will be added to the current investments available in the Savings Plus Program's Deferred Compensation Plan [Internal Revenue Code (IRC) Section 457] and Thrift Plan [IRC Section 401(k)] and four of these investments will replace investments that will be discontinued in 2007.

The proposed investments must be qualified to accept both IRC Section 457 and Section 401(k) plan assets. Also, the proposing firms and the proposed investments must meet minimum qualifications and mandatory business and licensing requirements as specified in the RFP.

DPA will select these investments through a competitive process that considers firm background and experience, specific investment strategy, investment philosophy and process, investment performance, fees, and other operational information. It is DPA's intention to award one contract for each investment mandate. The Agreement(s) resulting from this RFP will be for a five-year period beginning August 1, 2007 with the option to extend the Agreement(s) up to two additional one-year periods.

If you are interested in receiving a bid package, please visit www.cscr.dgs.ca.gov/cscr. Select "View By Contract Number or Agency" then select "Agency" and scroll to "Department of Personnel Administration" and click the submit button. If you are unable to download the bid package, you may call our Bidder's Hotline at (916) 445-9007 to request a hard copy. Final proposals are anticipated to be received by January 22, 2007.