Texas DIR/ESBD #26-15426-001

Texas ERS Seeks Public Equity Investment Advisory Services

The Employees Retirement System of Texas (ERS) is seeking qualified investment advisors to provide public equity investment advisory services for its global equity portfolios. - Government Buyer: - Employees Retirement System of Texas (ERS) - Services Requested: - Public equity investment advisory services, including: - Construction, maintenance, and monitoring of public equity portfolios - Guidance on sector and security selection, portfolio structure, and trade timing - Research, analysis, and performance monitoring - Regular reporting (monthly, quarterly, annual) and attendance at ERS meetings - Requirements: - Advisors must have existing investment strategies and experience with institutional funds - Minimum qualifications: SEC registration, at least $500 million in assets under management, and three years in business - Robust compliance, data security, and business continuity plans (including annual disaster recovery testing) - Advisors provide recommendations, but ERS retains investment discretion - Strict adherence to ERS Investment Policy Statement and detailed investment guidelines - No specific OEMs or product vendors are named in this opportunity - Multi-phase evaluation process for selection - Estimated contract value is approximately $60 million

Description

The Employees Retirement System of Texas (ERS) has issued a Request for Qualifications (RFQ) seeking qualified advisors with existing strategies to provide public equity investment advisory services. The selected advisors will construct, maintain, and monitor investment portfolios consistent with ERS Investment Policy Statement and provide guidance on portfolio management. The contract term begins on the date specified in the contract and can be terminated as provided. The estimated contract value is approximately $60 million, and the response deadline is August 11, 2026, at 5:00 PM.

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