New York State Insurance Fund Passive Index Manager Services RFP 2025-44-INV
New York State Insurance Fund | State of New YorkState · Albany, NY- Due
- Nov 20, 2025
- Deadline passed
- Posted
- Sep 19, 2025
- Contract term
- 5 years
- Primary contact
- Alicia Jemmott, Alex Romano
The 30-second brief
The New York State Insurance Fund (NYSIF) is seeking one or more firms to provide passive investment services across US equity asset classes in a separate account structure. The RFP outlines the mandate description, benchmark indexes, mandatory requirements, submission dates, and evaluation criteria.
Step 1: Responses to Questions in Attachment 1 and Attachment 2 (70 points), Fees (25 points), MWBE, SBE, or SDVOB Status (5 points). Step 2: Interview of proposed lead professional (Strength/experience of proposed team and dedicated resources - 4 points, Investment process and philosophy - 3 points, Performance track record - 2 points, Risk management systems, tools, and controls - 1 point).
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Summary
The New York State Insurance Fund (NYSIF) is seeking one or more firms to provide passive investment services across US equity asset classes in a separate account structure.
The RFP outlines the mandate description, benchmark indexes, mandatory requirements, submission dates, and evaluation criteria.
EVALUATION CRITERIA
Step 1: Responses to Questions in Attachment 1 and Attachment 2 (70 points), Fees (25 points), MWBE, SBE, or SDVOB Status (5 points). Step 2: Interview of proposed lead professional (Strength/experience of proposed team and dedicated resources - 4 points, Investment process and philosophy - 3 points, Performance track record - 2 points, Risk management systems, tools, and controls - 1 point).
REQUIRED ATTACHMENTS
13- Attachment 1: Mandatory Requirement Affirmation
- Attachment 2: Passive Index Manager Questionnaire
- Attachment 3: NYSIF Appendices including Appendix Z
- Fee Schedule
- Attachment 4: Track Record
- Attachment 5: Questions Submission Form (Excel)
- Attachment 6: Appendix M
- Form 102 Workforce Utilization Form (Excel)
- NYSIF Investment Policy Statement (Nov 2023)
- Custodian Set-Up and Documentation
- Nondisclosure Accord
- Investment Accounting General Data Requirements
- Manager Investment Specification Guidelines
- Reported agency
- New York State Insurance Fund
Questions about this RFP
How do I respond to this RFP from New York State Insurance Fund | State of New York?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is November 20, 2025. Be sure to include all required attachments as outlined in the solicitation. For questions, contact Alicia Jemmott, Alex Romano.
Can small businesses or minority-owned firms bid on this RFP?
Most government agencies, including New York State Insurance Fund | State of New York in NY, encourage participation from small businesses, minority-owned, women-owned, and disadvantaged business enterprises (MBE/WBE/DBE). Check the full solicitation for any small business participation goals.
What happens after the RFP submission deadline?
After the deadline, the issuing agency reviews all submissions against the stated evaluation criteria. This typically includes a compliance check, technical evaluation, cost analysis, and may involve oral presentations with shortlisted vendors.
Can I ask questions about this solicitation before submitting?
Yes, most solicitations allow vendors to submit questions during a designated period. The primary contact is Alicia Jemmott, Alex Romano. Questions and answers are typically shared with all prospective bidders.
Show 4 more questions
What are the evaluation criteria for this solicitation?
This solicitation includes specific evaluation criteria that will be used to score proposals. The criteria include: "Step 1: Responses to Questions in Attachment 1 and Attachment 2 (70 points), Fees (25 points), MWBE, SBE, or SDVOB Status (5 points). Step 2: Interview of proposed lead professional (Strength/experien..." Vendors should carefully align their proposals with each criterion to maximize their score.
Where can I find more RFPs from New York State Insurance Fund | State of New York?
All active and historical solicitations from New York State Insurance Fund | State of New York are tracked and searchable. As a state agency, New York State Insurance Fund | State of New York regularly publishes solicitations. Visit the agency profile to see current open bids, past contracts, vendor relationships, and decision-maker contacts.
What is the contract term for this solicitation?
The anticipated contract term is 5 years. Contract terms may include renewal options.
What documents are required to bid on this RFP?
Requirements vary by solicitation, but common documents include a technical proposal, cost/price proposal, proof of insurance, relevant certifications, past performance references, and any forms specified in the solicitation. This solicitation specifically requires the following attachments: Attachment 1: Mandatory Requirement Affirmation, Attachment 2: Passive Index Manager Questionnaire, Attachment 3: NYSIF Appendices including Appendix Z, Fee Schedule, Attachment 4: Track Record, Attac. Review the full document from New York State Insurance Fund | State of New York for the complete list.