Investment Advisor Services

The vendor is required to provide investment advisor services for include:
• Manage approximately $1 billion of assets, which includes operating and bond funds (non-pension) in accordance with authority investment policy and in act 20 of 1943, as amended. 
• The portfolio shall be managed in a fiduciary capacity.
• Assist authority in the execution of an investment strategy appropriate for each fund and establish appropriate benchmarks.
• Evaluate market risk and recommend strategies that minimize negative impact on the authority portfolio.
• Review cash flow projections developed by authority staff to ensure the planned investments are consistent with cash flow requirements and projections.
• Provide investment research and supervision of the managed funds in the authority portfolio and conduct a continuous program of investment, evaluation, and, when appropriate, sale and reinvestment of portfolio assets.
• Serve as a general resource to authority staff for information, advice, and training.
• Execute securities purchases and sales with approved brokers and dealers at a price favorable to authority and in accordance with authority investment policy.
• Provide access to monthly reporting which shall include detailed portfolio holdings including accrued interest, amortized cost security ratings and market values, transaction details, principal and interest payments, earnings, and investment portfolio summary statistics.
• Review investment strategies, market conditions, and performance with authority treasury team monthly.
• Present quarterly investment reporting to the authority board audit committee in accordance with the authority investment policy including a description of market conditions, current and future market conditions, investment strategies employed, performance, and suggested changes to investment strategy.
• Maintain accurate records of all investments. all records shall be available for periodic review and audit by authority at any time.
• The investment policy and provide written comments and recommended changes as appropriate.
• Coordinate with external bond advisors, MBO trustee, auditors, and other consultants as requested and authorized by authority.
- Contract Period/Term: 3 years
- Questions/Inquires Deadline: June 24, 2025