stateuniversitiesretirementsystem.docVIP

State Universities Retirement System of Illinois (SURS) Request for Proposal Treasury Inflation Protected Securities (TIPS) Mandate SURS Manager Development Program December 2009 Table of Contents Request For Proposal Summary Statement 3 Background Information 3 Specific Services Requested from the Investment Manager 4 RFP Specifications 4 Projected Schedule of Events 6 Selection Criteria 6 Treasury Inflation Protected Securities Manager Questionnaire 6 State Universities Retirement System of Illinois (SURS) Request for Proposal (RFP) December 2009 SURS Manager Development Program Treasury Inflation Protected Securities (TIPS) Mandate I. RFP Summary Statement The State Universities Retirement System (SURS) requests proposals from qualified emerging investment management firms to provide a TIPS product which, after fees, exceeds the return of the Barclays Capital U.S. TIPS Index. The information is requested with regard to the System’s Manager Development Program, which was created in an effort to assist the development of investment management firms owned by minorities, women, and persons with a disability. On April 3, 2009, Illinois Governor Pat Quinn signed Public Act 96-006 into law. Public Act 96-006 is the Government State Reform Act of 2009 and provides guidelines for ethical practices amongst state pension plans and defines several investment manager classifications. All applicant firms must qualify as emerging managers based on the Illinois state definition that can be found at /legislation/publicacts/96/PDF/096-0006.pdf Background Information Agency Description SURS is the administrator of a cost-sharing, multiple employer public employee retirement system. SURS membership includes employees of the public universities and other affiliated organizations. Currently, SURS membership totals more than 205,000 active, inactive and retired particip