Investment Management Services

The Hillsborough County Aviation Authority in Florida is seeking active fixed-income portfolio management services to manage its investment assets. The agency requires a partner to handle portfolio construction, security selection, duration management, liquidity management, cash flow coordination, credit monitoring, sector allocation, and ongoing portfolio monitoring. This initiative aims to secure professional oversight of the agency's funds while ensuring the preservation of principal, adherence to public fund liquidity requirements, and strategic laddered maturity considerations. The scope of work requires the submission of a simulated portfolio for approximately $1.5 billion structured in accordance with agency guidelines. This simulated portfolio must detail sector allocations, credit quality distribution, weighted average maturity, weighted average duration, yield assumptions, liquidity allocations, cash flow assumptions, and risk considerations. Additionally, the agency requires comprehensive descriptions of internal compliance structures, trade authorization controls, exception reporting, best execution practices, disaster recovery capabilities, cybersecurity controls, and reporting capabilities across monthly, quarterly, and annual frequencies. Eligible proposers must perform all work offsite and must be located onshore within the United States. The agency is evaluating proposals based on the described investment philosophies, risk management frameworks, and compliance structures, though specific weighted evaluation criteria and budget limits are not disclosed in the solicitation. The resulting contract will cover a performance period of one year, and the agency must receive all clarifying questions from interested parties no later than June 23, 2026.