What the buyer needs
AI summaryThe Town of Moraga, California, seeks investment management and advisory services. The selected vendor will manage the Town’s investment portfolio and develop sound investment strategies.
Scope of work
- Develop and implement investment strategies within the Town Investment Policy and California laws
- Assume management of the Town's investment portfolio subject to Town oversight
- Provide technical and fundamental market research, including yield curve analysis
- Assist with cash flow, maturity, and credit analysis of investment instruments
- Provide monthly, quarterly, and annual portfolio and economic reporting
- Attend selected quarterly staff, Audit and Finance Committee, and Town Council meetings
- Evaluate market risk and assure portfolio compliance with applicable policies and laws
- Review the investment policy annually and recommend amendments for Town Council approval
How proposals are evaluated
| Criterion | Weight / scoring |
|---|---|
| Relevant experience and qualifications of the firm in managing fixed-income portfolios | Not specified |
| Background, resources, expertise, qualifications, and overall experience of key personnel | Not specified |
| Cost Proposal | 25 |
Minimum qualifications
- Onshore (USA organization only)
- Registered under the Investment Advisers Act of 1940, or exempt
- Proven track record in portfolio management, asset allocation, and performance reporting
- Experience managing funds in a public setting and fixed income portfolios
Documents to include with your response
- Title page with RFP subject and firm name
- Organization description and qualifications
- Key personnel resumes with education, training, experience, and license numbers
- Experience and qualifications summary, including custodian bank experience
- Work plan or proposed schedule and reporting format description
- Lump sum cost proposal including hourly billing rates and additional expenses
- References (special districts or local governments preferred)
- Most recent SEC ADV Part II
- Most recent audited financial statement
- Requested exceptions to the Town's Professional Services Agreement
How to submit
- Method
- Electronic via email
- Instructions
- Submit a single PDF file (or two separate PDF files if too large) titled Moraga Investment Management & Advisory Services RFP to the Administrative Services Director.