Qipu
Contracts

Retirement System

Investment management for the City employees' pension fund

Original title: “Investment Management Services”

$2.6M
paid on this contract in FY2024
$18.4M paid so far, of $70.0M agreed · runs to February 2034
July 1, 2019February 28, 2034
running

Paid to

Select Equity Group LPprime contractor$18.4M

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%$2.6M

Paid year by year, FY2020–FY2024

$2.5M in FY2020 · $5.1M in FY2022 (the highest) · $2.6M 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 departmentCustody and financial services for the pension fund5th of 56 active contracts in this department by amount agreed$50.0M

Contract 1000014696 · 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 Select Equity Group, LPBy 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