Investment Manager Services

The vendor is required to provide investment management firms to comprehensive investment advisory and portfolio management services for the city of investment assets.
1. Investment advisory and strategy development
•    Develop and recommend an investment strategy in alignment with the city of riviera beach investment policy statement (IPS).
•    Provide strategic advice on asset allocation, portfolio structure, and re-balancing protocols.
•    Advise on and recommend appropriate benchmarks for performance comparison.
2. Portfolio management
•    Implement the approved investment strategy and manage day-to-day investment decisions within agreed-upon guidelines.
•    Execute trades in a timely, cost-effective, and compliant manner. 
•    Monitor the performance of all portfolio assets on an ongoing basis and make tactical adjustments as appropriate.
•    Portfolio consists of five separate accounts within the portfolio.
3. Performance reporting and analysis
•    Provide detailed quarterly performance reports, including:
o    Total return analysis (gross and net of fees)
o    Asset class and manager performance
o    Benchmark comparisons
•    Risk metrics (e.g., volatility, Sharpe ratio). 
•    Present performance reviews to staff and board and investment committee on a regular basis (minimum quarterly or as required).
4. Risk management and compliance
•    Ensure portfolio management adheres to the IPS and applicable legal and regulatory requirements.
•    Identify, monitor, and report risks within the portfolio.
•    Assist with the development and refinement of investment guidelines and policies, as requested.
5. Communication and support
•    Maintain proactive and responsive communication with designated organizational representatives.
•    Provide timely updates on market developments, economic outlooks, and their potential impact on the portfolio.
•    Participate in scheduled meetings (in-person or virtual) with the board, staff, or investment committee.
6. Other services
•    Provide assistance with special projects or reports as requested.
•    Support the organization during audits or reviews involving investment assets.
•    Coordinate with custodians, consultants, actuaries, or other third parties as necessary.

- Contract Period/Term: 1 year
- Questions/Inquires Deadline: August 8, 2025