Tag Archives: BlackRock
It’s official: BlackRock won the contract to continue managing the S Fund. According to the FRTIB’s recent press statement: The Federal Retirement Thrift Investment Board (FRTIB) announced today that it has selected Blackrock Institutional Trust Company, N.A. as the investment manager for its Small Cap Stock Index Investment Fund (S Fund). The S Fund invests in a stock index fund that tracks the Dow Jones U.S. Completion Total Stock Market Index. The earnings consist of dividend income and gains or … moreComments Off on BlackRock’s Three-peat*
TSP administrators floated a request for proposals to manage the Small Cap Stock Index Investment Fund — the S Fund — earlier this month. This is the third major RFP to manage individual TSP funds in the past 18 months. BlackRock was re-awarded the contract to run the I Fund early last fall, three months after the RFP was first released in June last year. The contract award was made in half the time originally anticipated, with the final award expected … moreComments Off on Will BlackRock Continue to Manage the S Fund?
Blackrock will continue to manage the I Fund, the Federal Retirement Thrift Investment Board announced on September 16th. I suppose the only surprise is that the announcement came so soon. As noted in early August, TSP administrators expected to make a decision by the end of the year. This must mean there were very few – if any – fund management companies that submitted a proposal to manage the I Fund besides Blackrock.2 Comments
TSP administrators announced late Friday that they have awarded the Technology and Enterprise Support Services (TESS) contract to Science Applications International Corporation (SAIC). According to the press release, the TESS contract is for two base years with three options (two years, one year, and one year) for a possible total of six years. The total potential contract value if all options are exercised is $224.5 million plus phase-in costs of $2.5 million. The phase-in period will begin October 1, 2013 … more1 Comment
BlackRock Institutional Trust Company has managed TSP’s F, C, S, and I Funds ever since it acquired Barclays Global Investors in 2009. Now that the contracts to manage those funds are coming up for recompete, BlackRock has shown that it is looking to continue to manage the funds. In December, it won a renewed contract to manage the F Fund for up to five years. Now the TSP is accepting Requests for Proposals (RFPs) to manage the I Fund, with … more2 Comments