Investment Management Services

The Vendor is required to provide providing investment management services to the State
- Collectively will manage the State’s $6.2 billion fixed-asset portfolio in accordance with the management structure (referred to herein as “investment architecture”) and investment objectives and guidelines approved by the Board.
- The current investment structure includes six (6) investment managers: two (2) designated as liquidity managers and four (4) designated as reserve managers. The primary distinction between these roles is the permitted maturity of investments.
- The overarching goal of this proposal is to engage vendors that can deliver strong performance within the State’s Investment Architecture while providing ongoing strategic insight to support the Board in balancing its three core investment objectives: safety, liquidity, and yield.