When is the submission deadline?

Submissions are due September 21, 2026.

What is the budget for this RFP?

The published budget is $38,000,000.

It was issued by Falmouth Retirement Board. The work is located in Falmouth, Massachusetts, United States.

Who is a good fit for this opportunity?

Institutional investment management firm with passive fixed-income expertise. Experience managing core bond portfolios for defined benefit plans or public-sector clients. Demonstrated ability to manage allocations that fluctuate with portfolio market value. Strong regulatory compliance, reporting, and fiduciary governance capabilities.

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Passive Core Bond Investment Management Service

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Overview

Financial, Legal, HR & Staffing

Falmouth, Massachusetts, United StatesPosted: August 26, 2026Deadline: September 21, 2026

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SUMMARY

A Massachusetts government authority is seeking investment management firms to provide passive core bond services for up to 15% of its defined benefit plan. The allocation will vary according to the portfolio's market value.

KEY REQUIREMENTS

Must be an investment management firm
Must manage a U.S. Passive Core Bond product
Must provide a commingled vehicle
Must have familiarity with and agree to comply with Massachusetts G.L. Chapter 32
Must have familiarity with and agree to comply with Chapter 176 of the Acts of 2011
Must agree to comply with all applicable investment guidelines administered by PERAC

BUDGET

Verified

$38,000,000

TIMELINE

Proposals are due by 2:00 PM EST on September 21st, 2026.

Issuing Agency

Falmouth Retirement Board

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DESCRIPTION

A government authority in Massachusetts is seeking information from investment management firms capable of providing passive core bond investment management services.

The selected firm or firms would manage up to 15% of the agency's defined benefit plan. The actual dollar allocation would be determined as a percentage of the overall portfolio and may fluctuate based on changes in the portfolio's total market value.

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Frequently asked questions

When is the submission deadline?: Submissions are due September 21, 2026.
What is the budget for this RFP?: The published budget is $38,000,000.
Who issued this RFP?: It was issued by Falmouth Retirement Board. The work is located in Falmouth, Massachusetts, United States.
Who is a good fit for this opportunity?: Institutional investment management firm with passive fixed-income expertise
Experience managing core bond portfolios for defined benefit plans or public-sector clients
Demonstrated ability to manage allocations that fluctuate with portfolio market value
Strong regulatory compliance, reporting, and fiduciary governance capabilities

Analysis generated by Settle AI from the source RFP.

RFP Hunter shows what is open. Settle shows what is forming.

Settle pieces together buyer signals, budgets, contract activity, and the sources your team already monitors. See why an opportunity fits and what to do before the RFP posts.

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