Qipu
Contracts

Retirement System

Investment management for the City employees' pension fund

Original title: “RET: Investment Mgmt Services”

$500,955
paid on this contract in FY2024
$7.0M paid so far, of $32.0M agreed · runs to June 2033
July 1, 2017June 30, 2033
running

Paid to

Advent Capital Management LLCprime contractor$7.0M

Paid from, FY2024

The fund tells which City account paid. Enterprise funds (Airport, Muni, Water…) are mostly paid from their own fees, fares and rents; the General Fund is mostly local taxes. The fund does not say where the money first came from.

Pension and employee benefit trust fund · operating100%$500,955

Paid year by year, FY2018–FY2024

$914,741 in FY2018 · $1.3M in FY2020 (the highest) · $500,955 in FY2024

Click a year to see its amount.

Type and award

Contract type: Rents and other non-purchase agreements

Award: No purchasing authority in legacy system

Next contract in this departmentInvestment management for the City employees' pension fund8th of 56 active contracts in this department by amount agreed$31.0M

Contract 1000007011 · Source: Supplier Contracts · every payment on this contract

See also

Same department, same kind of contract

Investment management for the City employees' pension fundArrowstreet Capital LP · $300.0M agreedInvestment management for the City employees' pension fundGeneration Investment Management US LLP · $200.0M agreed

Overview

Payments to Advent Capital Management LLCBy year and by paying departmentRetirement System: every active contractIts contracts and suppliersRents and other non-purchase agreements: every contract of this typeEvery contract of this type on the register