Investment Management Services

The California government authority is seeking investment management services to handle its portfolio management needs. The authority is revising its investment policy to allow for additional investments that remain consistent with State statutes. To address these needs, the authority requires a qualified partner to manage its operating and construction funds. The scope of work covers comprehensive portfolio management for the authority. Bidders must provide an organizational chart showing the functions, positions, and titles of their investment professionals. The authority also requires biographical information, resumes, and the tenure of the specific professionals who will be involved in the portfolio decision-making process. Bidders must submit data on their account and asset growth over the past three years. The authority also requires information on the number of separate accounts the bidder manages whose portfolios consist of operating and construction funds. Eligible bidders must be onshore organizations based in the United States. The work may be performed either onsite or offsite. The authority has not disclosed a specific budget and is looking for proposals to determine the cost of these services. Key dates and specific evaluation criteria are not specified in the initial procurement details.