Investment Management and Advisory Services

The Town of Coventry, Connecticut is seeking professional investment management and advisory services for its municipal pension assets. The agency requires these services to manage and optimize plan assets totaling approximately fourteen million dollars. The selected partner will resolve the agency's need for ongoing portfolio oversight, strategic asset allocation, and comprehensive performance monitoring. The scope of work covers portfolio construction, asset allocation, security selection, implementation, ongoing monitoring, and portfolio rebalancing. For advisory services, the agency requires strategic asset allocation guidance, investment policy support, and capital market assumptions and outlooks. Performance monitoring duties include quarterly performance reporting, benchmark comparisons, and risk and attribution analysis. The agency also requires committee support, which involves attending meetings as requested, delivering educational presentations for committee members, and maintaining ongoing communication with agency officials. Eligible bidders must be onshore organizations located in the United States. The agency requires the selected partner to perform the work onsite in Coventry, Connecticut. Bidders must submit their proposals digitally via email or through the designated online portal, and the agency is currently looking for proposals to determine the budget and pricing structure.