General Investment Consulting Services

The Vendor is required to provide investment consulting services requested by the state in connection with the following funds, hereafter collectively referred to as “the funds”, and shall be, in general, an advisor to the state in the investment operations.
- The review shall include the investment policies, guidelines and procedures of the respective Funds, the organizational structure of the investment Funds’ staffing, governance, investment lineup structure, and such other matters as shall be agreed to by the Parties.
- The performance analysis shall include, but not be limited to, statistical measures of performance, risk, style consistency, and other criteria used to evaluate the relative success and stability of each investment option.
- Provide a written analysis of any additional or replacement investment vehicles the state is considering for the funds.
- The analysis shall entail the objective evaluation of the investment vehicles using risk-adjusted returns, total returns, expenses, style consistency, manager tenure and the suitability of the respective investment vehicle for the given fund.
- Provide continuing education on pensions, endowments, defined contribution plans and investments to the state through educational conferences, research projects and surveys, access to the contractor’s research and white papers and such other means as is agreed upon by both parties from time to time.
- At the direction of the state, the contractor shall prepare and/or issue a request for information and/or questionnaires to entities that are in the business of providing international stock portfolio management.
- "Direct interest” means any contract with the contactor itself or with any business in which the contractor is the sole proprietor, a partner, or the entity having the controlling interest, i.e., largest number of outstanding shares owned by any single individual or corporation.
- “Indirect interest” means any contract in which the contractor is interested but not directly so.
- The data and assumptions shall be provided to the actuary in such format as shall be mutually agreed to by the parties.
- Provide, at the state’s request, the data and assumptions from any asset allocation study performed hereunder to the fund’s respective actuary, if any, for the purpose of conducting an asset/liability study of the fund.

- Contract Period/Term: 1 year
- Pre-response Teleconference Date: July 30, 2025
- Questions/Inquires Deadline: August 7, 2025