Description
The Washington State Investment Board (WSIB) is conducting a rolling open procurement to select active global equity managers for its Commingled Trust Fund (CTF). The search remains open until WSIB staff and the Board decide otherwise, and firms are expected to provide a long‑only, daily‑liquidity, active global‑equity strategy that meets WSIB fiduciary standards, GIPS compliance, and data‑security requirements. Interested managers must be listed in the eVestment Alliance database, maintain at least three years of actual performance, and be able to supply required insurance, fiduciary certifications, and audit reports. The process is continuous, with WSIB screening candidates, initiating contacts, and ultimately presenting recommendations to the Public Markets Committee and the WSIB Board for final approval. No fixed submission deadline or contract value is disclosed; compensation will be negotiated based on the manager’s fee proposal.
• Provide a long‑only, actively managed global‑equity portfolio (commingled or separate account).
• Must be a SEC‑registered adviser (or equivalent foreign registration) and GIPS‑compliant (or commit to compliance within 12 months).
• Required deliverables include performance, risk, ESG data (net of fees), fiduciary certification, Errors & Omissions insurance, and adherence to Washington OCIO IT‑security standards.
• WSIB will review candidates via eVestment, may request meetings (agenda/materials due ≥ 2 business days prior), and will evaluate through due‑diligence, committee recommendation, and Board approval.