Investment Management Services

The Vendor is required to provide investment manager will include, but not be limited to the following:
•    Manage on a daily basis west basin's investment portfolio pursuant to the specific, stated investment objectives as defined by the district's investment policy
•    Provide research and options to west basin for the purchase and sale of securities in order to receive transactional approval from west basin. 
•    Assist in security settlement of executed transactions with the district's custodial bank. 
•    Serve as a general resource to west basin's staff for information, advice, and training regarding fixed income securities and investments. 
•    Work with west basin staff to manage its cash flow projections to ensure that the investment strategy is consistent with west basin's liquidity requirements. 
•    Provide monthly statements with all the information required by state government code and board. 
•    These reports must include a market-to-market valuation. 
•    The selected investment manager must maintain accurate reports of investments including the diversity of investments and compliance with applicable investment policies of west basin and state statutes. 
•    Provide monthly statements including. 
•    Provide quarterly investment reports including a description of market conditions, investment strategies employed, performance and suggested changes to investment strategy. 
•    The performance numbers shall be presented as required by the institute's global investment performance standards or "GIPs". 
•    Review west basin's current benchmark, suggest a more appropriate benchmark, if applicable, and track and report the performance on a monthly or quarterly basis.
•    Make a minimum of two (2) in person presentations to the board of directors and district staff as requested. 
•    Perform an annual investment policy review and provide west basin staff with a written explanation of the recommended changes to the investment policy. 
•    Work with west basin staff in their solicitation process and evaluation of custodial banks for the fixed income securities. 
•    Provide west basin staff an annual estimate of anticipated interest income to be earned on the fixed income securities for its next fiscal year's operating budget.