What the buyer needs
AI summaryThe City seeks a vendor to provide fiduciary investment advisory services for its multi-account investment program in Albuquerque, NM. While the City retains full authority over portfolio management and trading decisions, the selected offeror will advise, analyze, recommend, and report on the portfolio. Requested services include operating cycle cash flow forecasting to bifurcate the portfolio into Core and Liquidity components, risk tolerance assessment, strategic asset allocation using mean-variance optimization, custom benchmark construction, and quarterly tactical asset allocation within approved risk bands. The vendor will also handle rebalancing, performance measurement and attribution reporting, compliance testing against the Investment Policy Statement and statute, custodian reconciliation, Investment Policy Statement advisory, Investment Oversight Committee support, and trade execution assistance. Only onshore USA organizations are eligible to bid, and the vendor will perform the work offsite at its own office location. The City is currently looking for proposals.
Scope of work
- Operating cycle cash flow forecasting supporting Core and Liquidity portfolio bifurcation
- Strategic and quarterly tactical asset allocation, custom benchmark construction, and rebalancing recommendations
- Performance measurement, granular attribution analysis, and quarterly reporting within 30 days of quarter end
- Compliance testing against the Investment Policy Statement and Public Money Act
- Custodian and Clearwater Analytics reconciliation, plus GASB 40 and GASB 72 disclosure support
- Investment Policy Statement advisory, weekly market reporting, and Investment Oversight Committee support
- Trade recommendations, broker offering evaluation, and trade execution assistance
- Bond proceeds investment advisory and 30-day transition plan upon award
How proposals are evaluated
| Criterion | Weight / scoring |
|---|---|
| The Offeror's general approach and plans to meet the requirements of the RFP | 100 |
| The Offeror's detailed plans to meet the objectives of each task, activity, etc. on the required schedule | 200 |
| Experience and qualifications of the Offeror and personnel as shown on staff resumes to perform tasks | 200 |
| Adequacy of proposed project management and resources to be utilized by the Offeror | 100 |
| The Offeror's past performance on projects of similar scope and size | 100 |
| The overall ability of the Offeror, as judged by the evaluation committee, to successfully complete the work | 200 |
| Cost Proposal | 100 |
Minimum qualifications
- Not less than ten (10) years providing investment advisory services to state and local governments
- Experience with operating fund portfolios of $500 million or greater, active at least one year
- Not less than $5 billion in public sector assets under advisement
- Demonstrated proficiency with Clearwater Analytics and reconciling across advisor and custodian
- Lead engagement personnel must hold a relevant professional credential and at least five (5) years public funds experience
- Demonstrated experience with strategic asset allocation, statutory constraint environments, and liquidity forecasting
- Experience advising special purpose and perpetual trust funds with principal-intact requirements
- Onshore (USA organization Only)
Documents to include with your response
- Technical Proposal (PDF)
- Cost Proposal (submitted separately)
- Signed Pay Equity Reporting Form
- Statement of compliance with all laws and agreement to Required Contract Terms (or exceptions)
- Certificate or statement of insurance compliance
- Acknowledgment of Addenda (if applicable)
- City Pay Equity Preference Form or New Mexico State Certification (optional, if requesting preference)
How to submit
- Method
- Electronic via the City's eProcurement System (Bonfire)
- Instructions
- Submit Technical Proposal and Cost Proposal separately in single PDF format (OCR searchable preferred, unencrypted) at https://cabq.bonfirehub.com/portal/?tab=openOpportunities.