Portfolio Monitoring Service

The Cambridge Retirement Board, a government authority located in Cambridge, Massachusetts, is seeking a vendor to provide a comprehensive, ongoing portfolio monitoring and administration service. The agency needs to monitor its invested assets for any losses resulting from violations of federal or state securities laws, or from breaches of duty owed to the Board. This service must identify and monitor securities litigation in which the Board may have an interest, using both internal and external resources. The selected vendor must provide expert legal advice, counsel, and litigation-related services covering all aspects of securities litigation. The agency requires the vendor to advise on situations where litigation or arbitration is warranted, assessing likely outcomes and recommending whether the Board should seek lead plaintiff status, join a lead plaintiff group, remain in a class, or opt out. The vendor must also track relevant deadlines, remain available on an as-needed basis to confer on case strategies, and issue quarterly status reports on pending or potential litigation. Eligible bidders must be onshore organizations based in the United States. The agency specifies that the performance of all work will take place offsite. The contract period will span seven years, and the agency is currently looking for proposals to determine the budget.