BANKING-1670 - USA (Hayward, California) - Professional Investment Advisory Services - Deadline October 2,2019

Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID: BANKING-1670

Government authority located in Hayward, California; USA based organization looking for expert vendor for professional investment advisory services.

[A] Budget: Looking for Proposals

[B] Scope of Service:

(1) Vendor needs to provide investment advisory firms (hereafter referred to as Firm) for portfolio management services for approximately $289.7 million in operating and capital funds (no pension funds) and Portfolio funds in this policy are described in the City’s annual financial report, and may
include: General Fund, Special Revenue Funds, Capital Projects Funds, Enterprise Funds, Internal Service Funds, Fiduciary Funds, Redevelopment Agency Funds, and Housing Finance Agency Funds and investment policy applies to all transactions involving the financial assets and related activity of the foregoing funds to the government authority located in Hayward, CA.
- 1) Portfolio management: - The Firm must provide full-time management of the City’s investment portfolio and effectively invest the City’s portfolio pursuant to the current investment policy and developed cash flow/maturity analysis schedule. The Firm shall manage portfolios of eligible securities as defined under Section 53601 of the California Government Code.
- 2) Credit analysis: - The Firm must provide periodic credit analyses of investment instruments in the portfolio at a minimum of once per month, and immediately upon occurrence of a significant event that impacts credit worthiness.
- 3) Reporting: - The Firm must prepare a monthly, quarterly, and annual investment report. The report(s) shall contain a detail listing of all securities (including purchase date, maturity date, cost basis, book value, interest rate, weighted average maturity, and current unrealized loss or gain), analysis of portfolio performance, including charts and graphs as necessary to display relevant investment information, and a narrative regarding the current market conditions and other key indicators.
- 4) Meetings with City Officials: - The Firm must attend quarterly meetings and/or other timed Investment Advisory Committee meetings, making presentations (as needed) on portfolio performance, market conditions and portfolio strategy.
- 5) Broker/Dealer due diligence: - The Firm shall perform broker/dealer due diligence and maintain
relations with the broker/dealer community.
- Third Party Custodian, Safekeeping: - Coordinate with the City’s third-party custodian for safekeeping of securities, and provide any and all services required to settle a trade, including
coordination with trustee banks.
(2) An optional pre proposal teleconference will be held on September 10, 2019.
(3) All question must be submitted no later than September 17, 2019.
(4) Contract period will be for three years.

[C] Eligibility:

Onshore (USA Only)

[D] Work Performance:

Performance of the work will be Offsite. Vendor needs to carry work in their office location.

Expiry Date : Wednesday, 2 October, 2019

Pre-proposal Conference Date : Tuesday, 10 September, 2019

Question Answer Deadline : Tuesday, 17 September, 2019

Category : Banking Services

Country : USA

State : California

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