Qipu
Contracts

Retirement System

Investment management for the City employees' pension fund

Original title: “Investment Management Services”

$1.4M
paid on this contract in FY2024
$13.1M paid so far, of $31.0M agreed · runs to June 2035
July 1, 2017June 30, 2035
running

Paid to

Sands Capital Management LLCprime contractor$13.1M

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%$1.4M

Paid year by year, FY2018–FY2024

$1.3M in FY2018 · $2.6M in FY2022 (the highest) · $1.4M in FY2024

Click a year to see its amount.

Type and award

Contract type: Purchases without contracting-office approval

Award: No purchasing authority in legacy system

Next contract in this departmentPrivate equity advice for the pension fund9th of 56 active contracts in this department by amount agreed$21.8M

Contract 1000007806 · Source: Supplier Contracts · every payment on this contract

See also

Same department, same kind of contract

Custody and financial services for the pension fundThe Bank of New York Mellon · $50.0M agreedPrivate equity advice for the pension fundCambridge Associates LLC · $21.8M agreed

Overview

Payments to Sands Capital Management LLCBy year and by paying departmentRetirement System: every active contractIts contracts and suppliersPurchases without contracting-office approval: every contract of this typeEvery contract of this type on the register