Investment Management Services

The vendor is required to provide investment manager who can provide investment management services on endowment assets of over $35-million.
- Create a relationship with an investment management firm who can provide a dedicated investment management team that will be accountable to:
•    Preserve the capital of endowment assets 
•    Maximize risk-adjusted returns of the endowment and at least earn the expected required rate of return (5% net of inflation and fees) and
•    Maintain the liquidity necessary to meet all spending requirements in compliance with the 5% CRA disbursement quota for the benefit of students.
- Résumé of investment management firm
•    A brief description of the investment management firm and its investment style
•    A confirmation of adherence with global investment performance standards (GIPS) 
•    Confirmation of a signatory to the country principals for responsible investment (UN PRI) and offer investment solutions that are aligned with the un-PRI’s six principals of responsible investment.
•    Demonstrating a commitment to socially responsible investing (SRI), through a sustainable investment program and engagement strategy and offering the ability to execute a client mandate that may incorporate excluding investments based on investor values and ethical beliefs including negative screening and targeted divestment in support of sustainability, within a published policy, directive, or public commitment. 
•    Other examples of this type of sustainable investment strategy may include:
o    Initial screening
o    Buy and sell practices
o    Actively participating in sustainability or ESG-focused investor networks advocating for more sustainable business practices
o    Engagement in proxy voting in support of sustainability clearly articulating proxy voting guidelines that address ESG consideration, and vote proxies’ firm wide.
o    Filing of one or more shareholder resolutions or have signed on to one or more investor statements in support of sustainability.
o    Transparency of investment holdings and ability to publish a snapshot of holdings in its investment pool, detailing the amount or percentage allocated to specific funds, companies, and institutions.  
•    The firm’s client base, including types of clients served, the number of charities and other non-profits being serviced, the length of time of services, the range of asset values amongst the charitable sectors.
•    Any relevant experience sitting on similar philanthropic boards such as foundations or other charitable organizations. 
•    A brief description of the proposed CFA accredited investment manager (résumé to be included and specifically referencing the location of the office that would serve the agency foundation along with biographies of the key consulting personnel assigned to the account).
•    Roles and responsibilities of the proposed investment manager who will be involved in providing the service, highlighting any endowment management or other relevant financial expertise.
- Performance, risk and investment strategy
•    Five (5) years of the most recent investment performance, annualized, and gross of fees and inflation as compared to the strategic benchmarks highlighted in the agency foundation’s investment policy.
•    The firm’s risk management philosophy and metrics that will support consistent income requirements. use standard deviation as the risk measurement to describe acceptable risk standards.
- Service outline
•    Provide the services, which should include a work plan and incorporate an organizational chart indicating how the candidate intends to structure its working relationship with the agency foundation.
•    The firm’s services apart from the competition and allows the firm to generate superior performance and service levels.
•    A resource management plan including the provision of a back-up resource, escalation of issues, replacement of resources (as required), and internal management structure. 
•    Ability to assist the agency foundation board and its investment committee to meet fiduciary responsibilities, highlighting experience with similar organizations.
•    Process for analyzing a client’s investment policy portfolio structure to meet its investment needs and offer recommendation for modifications.

 - Contract Period/Term: 3 years
- Questions/Inquires Deadline: September 26, 2025