Investment Policy Review and Investment Manager Search Support Service

The Maine-based government authority is seeking independent, project-based advisory support to conduct an investment policy review and assist with an investment manager search. The agency needs to solve the problem of outdated investment policies and requires structured support to select a qualified investment management vendor. The selected advisor will complete the work offsite within approximately three months following contract execution. The scope of work requires the advisor to develop an updated request for proposals for investment management services and establish weighted evaluation criteria for the Investment Committee to review and approve. The advisor must also identify structural or governance considerations to inform the updated policies and present revised investment policy statements for committee adoption. Additionally, the agency requires recommendations on updating investment objectives, asset allocation parameters, benchmarks, rebalancing rules, and the spending policy. Eligible bidders must be onshore organizations located within the United States. The agency is looking for budget proposals to define the cost of the project, and bidders must submit their responses digitally via email or online. The project timeline dictates that all deliverables must be finalized within the approximate three-month window after the contract is signed.