Notice of Intent to Enter into Negotiations – Developing Manager Fixed Income
April 1, 2025
Notice of Intent to Enter into Negotiations
Office of the New York City Comptroller
Developing Manager Fixed Income Investment Management Agreement
Negotiated Acquisition Extension
PIN: 01515817002 QF-NAE
In accordance with Section 3-04(b)(2)(iii) of the New York City Procurement Policy Board Rules, the New York City Comptroller Office (the “Comptroller’s Office”), acting on behalf of the New York City Retirement Systems, intends to enter into a Negotiated Acquisition Extension with GIA Partners LLC, for five years, from April 1, 2025 to March 31, 2030, for Developing Manager Fixed Income Investment Management Agreement. The vendor is a fiduciary and will continue to provide Developing Manager Fixed Income Investment Management services. Without this contract in place the lack of services would present a risk to the overall portfolio management and operation of the pension systems.
Pursuant to PPB Rule § 3-01(d)(3) and (4), the ACCO has determined that it is in the best interest to process a negotiated acquisition extension. This notice is for informational purposes only.
Vendors that are interested in expressing interest in similar procurements in the future may contact Sherry Williams-Nisbett via email at swillia@comptroller.nyc.gov.