RFP For Investment Management Advisory Services

RFP For Investment Management Advisory Services

Click here to visit directly to questions and answers (below the notice). ISSUANCE: The Obtain Proposals will be released on April 27, 2018. Those interested in obtaining a duplicate may gain access to and download the document from the State Treasurer’s website starting April 27, 2018 by clicking here. PROPOSAL DEADLINE AND TIME: Proposals must be received no later than 3:00 PM MOUNTAIN STANDARD TIME on May 18, 2018. Proposals following this date will not be accepted. Q: How many copies of the proposal are necessary for submission?

A: Five copies of the proposal will be needed. Note that your firm’s proposal must be covered and labeled externally of the package to point it is a reply to the Investment Management Advisory Services RFP. Q: Can the brand new Mexico STO pleases confirm the fees being charged by the incumbent advisor?

Q: May we demand a duplicate of the portfolios, including cost basis in EXCEL format? A: Preference is to employ an advisor who has experience managing similar types of resources as those handled by the State Treasurer’s Office. As cash flows are an important thought, a liquidity component can be an essential piece of the entire management strategy.

The consultant must be able to provide suggestions, observations and general oversight as to the holdings in the portfolios, considering the NM condition statutes, the STO Investment Policy, liquidity needs and overall levels of risk inherent in the investments. Q: Could you provide a test of your quarterly report from your existing expert? Section 8, Page 35 is the existing adviser’s quarterly report.

3 in section B. Investment Consulting) “Special Projects as needed”, would you provide types of such projects? An informational memorandum on the precise topic would be provided to STO, advising as to the feasibility and suitability of implementation, within the priorities of security, yield, and liquidity. Q: What is your expectation on the frequency of consultant attendance at the Board of Finance meetings? A: Generally, the adviser is not needed to wait the Board of Finance meetings.

It may have occurred once within the last five or six years. Q: In the price proposal, would you prefer traveling expenses to be charged or included in a bundled charge separately? A: Travel expenses would need to be bundled into the fee. Q: Does the scope of the RFP include monitoring the guarantee pledged against public fund deposits more than FDIC insurance?

  • The reporting entity determines its functional currency
  • Will the marketplace shrug off the Monti resignation or will it panic
  • You robbed a bank or investment company
  • Don’t invest in uncharted place
  • Expenses were moderate
  • After maturity, partial withdrawal is permitted from PPF accounts

Q: For investment reporting purposes, is the investment consultant allowed to establish a primary feed to the State Treasurer’s Custodial accounts? If a fee is charged by the Custody Bank for access to data feed, is the fee the duty of the IA? If so, please disclose the charge basis. Q: Is security prices provided by the custodian? If not, will the constant state agreement with a price’s agent or is prices area of the Range of Work? A: STO utilizes IDC pricing. Q: How happens to be the Interest Rate Shock, LGIP sensitivity evaluation to be performed?

A: Once per one-fourth. Q: Does “Summary of observations and recommendations” include compliance oversight; pre/post trade compliance? A: General oversight with regard to NM statutes and STO investment policy. No pre/post trade compliance. Q: Does “trading commentary” connect specifically to the portfolio or more generally to market observation? A: General market and trading commentary from the perspective of the advisor and their firm.

Q: Maybe the scope of services STO is asking for in the RFP like the scope of services being provided by your current consultant? Q: May we ask for a copy of the portfolios, including cost basis in EXCEL format? A: Yes, there are attached. Q: Does the current advisor provide risk-reporting services? If so, what is the scope of those services being provided?

6: Interest Rate Shock Analysis for each portfolio? A: Yes, the existing advisor provides a quarterly report, which includes a general evaluation of the overall credit and interest rate risk, a shock analysis for each stock portfolio, excluding the LGIP, and a world wide web asset value awareness evaluation for the LGIP. 8 “summary of observations and recommendations relating to…” accounting? What “accounting” will this refer to? Please, clarify what is intended by “accounting” here.