Posted Date : August 01,2019
Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID : BANKING-1593
Government Authority located in Hartford, Connecticut; USA based organization looking for expert vendor for passive investment management services.
[A] Budget: Looking for Proposals
[B] Scope of Service:
(1) Vendor needs to provide passive investment management services to the government authority located in Hartford, CT.
A. Investment management services
- Supervision and direction of the investments of a separately managed account. As fiduciary, agent and attorney-in-fact with respect to the account, buy, sell, exchange, convert or otherwise trade in any securities and other investment instruments as permitted by the specific, negotiated investment guidelines mutually agreed to by the state and the respondent.
- Transacting according to the investment guidelines.
- Executing all trades in an attempt to obtain the best net price and most favourable execution of each purchase and sale transaction on behalf of the State.
- Maintaining a system of adequate risk controls, including but not limited to a compliance monitoring system and an operations risk management system to ensure compliance with account restrictions, as well as all applicable state and federal laws and regulations.
- Making all administrative and regulatory filings required for the management of the separate account, including State, Federal, IRS, SEC and FINRA.
- Prospective respondents are advised that:
a. the state requires use of its custodian bank.
b. The mandate may cover any type of passive mandate or exchange traded fund including
fixed income, equity, real estate or commodities market segments. B. Reporting
- Provide complete transparency on daily trading activity through online and written reports.
- Provide a full monthly reconciliation between the respondent’s accounting and performance records and the master custodian’s accounting and performance records.
- Provide monthly investment reports to include:
a. Net-of-fee performance results over multiple time periods;
b. Market outlook.
- Provide monthly reports quantifying the metrics used to measure the risk of the portfolio.
- Provide the State with a copy of Part 2 of Form ADV, at least annually.
- Provide annual compliance report and operating risk report.
- Make on-site presentations to the State at a minimum of once per year and be available to meet and discuss portfolio as requested.
(2) All questions must be submitted no later than August 23, 2019.
(3) Contract term will be eight years.
[C] Eligibility:
- Onshore (USA Only);
[D] Work Performance:
Performance of the work will be Offsite. Vendor needs to carry work in their office location.
Budget :
Deadline to Submit Proposals: August 30,2019
Cost to Download This RFP/RFQ/RFI/Solicitation/Tender/Bid Document : 5 US$
![]()
Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID : BANKING-1593
Government Authority located in Hartford, Connecticut; USA based organization looking for expert vendor for passive investment management services.
[A] Budget: Looking for Proposals
[B] Scope of Service:
(1) Vendor needs to provide passive investment management services to the government authority located in Hartford, CT.
A. Investment management services
- Supervision and direction of the investments of a separately managed account. As fiduciary, agent and attorney-in-fact with respect to the account, buy, sell, exchange, convert or otherwise trade in any securities and other investment instruments as permitted by the specific, negotiated investment guidelines mutually agreed to by the state and the respondent.
- Transacting according to the investment guidelines.
- Executing all trades in an attempt to obtain the best net price and most favourable execution of each purchase and sale transaction on behalf of the State.
- Maintaining a system of adequate risk controls, including but not limited to a compliance monitoring system and an operations risk management system to ensure compliance with account restrictions, as well as all applicable state and federal laws and regulations.
- Making all administrative and regulatory filings required for the management of the separate account, including State, Federal, IRS, SEC and FINRA.
- Prospective respondents are advised that:
a. the state requires use of its custodian bank.
b. The mandate may cover any type of passive mandate or exchange traded fund including
fixed income, equity, real estate or commodities market segments. B. Reporting
- Provide complete transparency on daily trading activity through online and written reports.
- Provide a full monthly reconciliation between the respondent’s accounting and performance records and the master custodian’s accounting and performance records.
- Provide monthly investment reports to include:
a. Net-of-fee performance results over multiple time periods;
b. Market outlook.
- Provide monthly reports quantifying the metrics used to measure the risk of the portfolio.
- Provide the State with a copy of Part 2 of Form ADV, at least annually.
- Provide annual compliance report and operating risk report.
- Make on-site presentations to the State at a minimum of once per year and be available to meet and discuss portfolio as requested.
(2) All questions must be submitted no later than August 23, 2019.
(3) Contract term will be eight years.
[C] Eligibility:
- Onshore (USA Only);
[D] Work Performance:
Performance of the work will be Offsite. Vendor needs to carry work in their office location.
Budget :
Deadline to Submit Proposals: August 30,2019
Cost to Download This RFP/RFQ/RFI/Solicitation/Tender/Bid Document : 5 US$