Long-Term Investment Management Services

The Vendor is required to provide for long-term investment management services.
- Services include:
•    The agency long-term investment portfolio is currently managed by external investment managers and totals approximately $160 million
•    The core $80 million allocation seeks credit risk exposure and net returns commensurate with that of the chosen index.
•    External manager to manage the core intermediate duration country investment grade credit portfolio.
•    Overall portfolio managed to the risk profile of the designated index.
•    Fund performance is measured on a net total return basis vs. the index.
•    The estimated portfolio size is approximately $80 million.
•    Fluctuations in portfolio size throughout the year are normal.
•    Must preserve existing capital while seeking to prudently increase the size and value of the long-term general fund investment portfolio.
•    Supplier must maintain adequate diversification of investment maturities, issuers, counterparties, securities, and class of securities.
•    Maintain reasonable bands around the benchmark concerning overall portfolio interest rate risk and credit risk levels while emphasizing securities with high levels of general marketability.
•    Transaction counterparties must be rated investment grade at the time of the transaction.
•    The current investment management procedures are carried out by an outside investment firm.