The vendor required to provide operating cash and capital reserves investment management services for bus and light rail operations, paratransit, congestion management, specific highway improvement projects and countywide transportation planning.
- Investment objectives
1. Safety
• Safety of principal is the foremost objective of the investment program.
• Authority investments shall be undertaken in a manner that seeks to ensure preservation of capital in the portfolio.
2. Liquidity
• Authority investment portfolio shall remain sufficiently liquid to enable authority to meet its cash flow requirements.
3. Return on investment
• Authority investment portfolio shall be designed with the objective of attaining a market rate of return on its investments consistent with the risk constraints outlined by applicable government code.
- General investment consultant duties applicable to this investment program include:
• Non-discretionary consulting services.
• Serve as a fiduciary and as an independent advisor to the plans.
• Provide analytics
• Develop pacing plans for asset classes having delayed capital deployment and recovery.
• Assist in the identification, selection and monitoring of external service providers and investment managers.
• Assist the plans in securing reduced fees from investment managers where appropriate.
• Provide monthly flash performance reports to the boards and investment committees.
• Monitor investment manager’s reports for changes in risk, strategy, or performance.
• Provide detailed quarterly reports to the boards and investment committees.
• Provide and present education topics to the boards and committees on investment topics, current trends, and best practices.
• Serve as an extension of staff preparing board memos, manager search, implementing investments, providing specialized research, etc., as requested.
• Assist staff in the annual review of the investment policy statements.
• Verify the plans are following guidelines and government regulations.
• Be proactive and timely with recommendations and observations.
- Contract Period/Term: 7 years
- Pre-Proposal Conference Date: January 21, 2026
- Questions/Inquires Deadline: January 30, 2026
