Open: March 4, 2019, Closes: April 1, 2019
Bidders responding to the Investment Management Services RFP must meet the requirements specified below and are in addition to other RFP requirements that the Bidder must satisfy. The minimum requirements are established to ensure that the proposal submitted in response to the RFP is developed to a degree meriting detailed, full-scale evaluation by the Review Committee. Satisfaction of the minimum requirements, standing alone, does not ensure a proposal’s eligibility for participation in the RFP; other eligibility requirements specified in the RFP must also be met.
1. Currently manage at least $5 billion of domestic fixed income assets for public entities.
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2. Manage a minimum of fifteen (15) portfolios comprising local agency assets.
3. Bidder must be familiar with all applicable statutes with regard to qualified investments for public entities.
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4. Be registered with the Securities and Exchange Commission under the Investment Advisor’s Act of 1940.
5. Be financially solvent and appropriately capitalized to be able to provide service for the duration of the contract.
6. Provide verification of Errors & Omissions insurance coverage of at least $1 million.
7. Adhere to the Code of Professional and Ethical Standards as described by the CFA Institute.
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