Investment Management Services

The Las Vegas Valley Water District is seeking a qualified investment manager to provide comprehensive investment management services for its approximately three-billion-dollar portfolio, which comprises operating funds and capital project funds. The selected manager must invest portfolio funds on a discretionary basis within the parameters of applicable Nevada Revised Statutes, the District’s Investment Program, and the direction of the Cash and Investment Manager and the Investment Committee. The scope of work requires sending trade and transaction confirmations to the Cash and Investment Manager, Treasury Analysts, and the custodial bank, as well as providing brief explanations and justifications for all buys and sells. The chosen provider must monitor the credit exposure risk of the portfolio and report any material events directly to the Cash and Investment Manager. The agency requires a comprehensive monthly report covering portfolio holdings, investment accounting, portfolio analysis, compliance, performance, and realized gains and losses. Additionally, the manager must deliver a monthly report detailing the par value, original cost value, book value, market value, rating, coupon, maturity, issuer, and settlement date for each individual security. Only onshore organizations based in the United States are eligible to bid on this opportunity. The agency expects the performance of all investment management work to occur offsite. Bidders must submit their proposals digitally via email or through the online system, and the agency is currently looking for proposal pricing rather than disclosing a pre-determined budget. All questions regarding this procurement must be submitted no later than June 18, 2026.