(AGENPARL) - Roma, 25 Ottobre 2022 - (AGENPARL) – mar 25 ottobre 2022 [Pension Benefit Guaranty Corporation – A US Government Agency]
News and Media Release
PBGC Industry Day for Upcoming Smaller Asset Manager Program Solicitation
FOR IMMEDIATE RELEASE
October 25, 2022
WASHINGTON, D.C. – The Pension Benefit Guaranty Corporation (PBGC) is hosting an Industry Day virtual conference for asset management firms interested in the Smaller Asset Manager Program (SAMP) on November 10, 2022, at 10:00 a.m. ET. The Industry Day conference will describe PBGC’s upcoming fixed income management services solicitation and the federal procurement process. PBGC’s goal is to expand the number of contracts awarded under the program.
PBGC started the SAMP as a pilot program in 2015 to reduce barriers to competition and to create opportunities for smaller asset management firms, including those owned by people of color and women. The SAMP is focused on PBGC’s U.S. core fixed income investments, an asset class where active management has historically added value.
The Industry Day does not constitute a formal solicitation for proposals. Following the Industry Day, PBGC will post a request for proposals on SAM.gov.
About PBGC
PBGC protects the retirement security of over 33 million American workers, retirees, and beneficiaries in both single-employer and multiemployer private sector pension plans. The agency’s two insurance programs are legally separate and operationally and financially independent. PBGC is directly responsible for the benefits of more than 1.5 million participants and beneficiaries in failed pension plans. The Single-Employer Insurance Program is financed by insurance premiums, investment income, and assets and recoveries from failed single-employer plans. The Multiemployer Insurance Program is financed by insurance premiums. Special financial assistance for financially troubled multiemployer plans is financed by general taxpayer money.