The Vendor is required to provide investment advisor to provide comprehensive fixed income portfolio investment advisory services for the management of its restricted and reserve funds.
- Advisor will support the Trust in achieving its financial objectives while ensuring compliance with applicable laws, regulations and fiduciary standards.
- Portfolio Strategy & Management
• Develop and recommend investment strategies tailored to the Trust’s restricted and reserve fund objectives, including legality, liquidity, capital preservation and return.
• Assist in the management and investment of the Trust’s portfolio, including advice on structure, credit quality, maturity, and return optimization consistent with Trust policies.
• Execute competitive solicitation and documentation of investment bids.
• Provide gain/loss reporting, interest accruals, investment data transfer and account reconciliation support.
• Provide trade tickets showing competitive bids for all executed investments.
• Adhere to the Trust’s established approval process for executing the purchase and sale of securities.
• Recommend changes in investment strategy as market conditions evolve.
• Maintain real-time records of the Trust’s investment portfolio parallel to internal records.
- Compliance & Risk Management
• Ensure all investment activities comply with NYS laws, Trust policies and applicable fund restrictions.
• Monitor and report on portfolio risk exposures, including market, credit, and operational risks.
• Assist in regulatory filings, audit support, and documentation required by state and federal agencies.
• Develop expert familiarity with the Trust’s policies, procedures, operations, and objectives to ensure sound investment decisions.
• Provide online access to investment portfolio reports, including earnings performance and trend analysis.
- Reporting & Communication
• Provide clear, timely, and comprehensive reports to Trust staff.
• Conduct no less than monthly discussions with Trust staff and/or Board members (via conference call or otherwise) regarding upcoming maturities, reinvestment recommendations, and general market conditions.
• Meet with the Trust’s Finance & Investment Committee and/or Board Members, as requested, to report on portfolio performance or to respond to other questions.
• Provide written reports on the status and performance of the Trust’s portfolio, including the Annual Investment Report required under the Public Authorities Act.
• Respond promptly to ad hoc inquiries and requests for analysis.
- Education & Advisory Support
• Provide guidance on emerging market trends, ESG considerations, and regulatory developments.
• As directed by the Trust, assist with other investment-related projects, such as special banking relationships and custodial arrangements.
- Contract Period/Term: 1 year
- Questions/Inquires Deadline: October 14, 2025
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