Government Contract | California
Investment Advisory Services

Bid Information

Bid Alert No: 00000431499

Bid Title: Investment Advisory Services

Agency Bid No. Title: 25464

Received Date: 12/07/2015

Close Date: 02/02/2016

Purchase Type: Term:

Delivery Point: Los Angeles, California

Delivery Date: Not Stated

Special Notices: Questions Due By 12/08/2015 03:00 PM, Pre-Bid Conference 12/10/2015 10:00 AM, Bidder Preregistration


Specifications include, but are not limited to:Primary Scope of Duties:A.Serve as general financial counsel to the City Treasurer and City staff for financial information. B.Reconcile investment positions and valuations with the Citys custodial bank. C.Advise and make recommendations on investment strategies that will enhance portfolio performance under current and future market conditions within the parameters of the California Government Code, the Citys investment policy, and cash flow requirements.Advisor shall be a Registered Investment Advisor orMunicipal Advisor, if applicable, as defined and regulated by the Securities and Exchange Commission (SEC) and registered in the State of California. D.Assist in the annual review and update of the Citys Investment Policy. Assist in the review of investment management procedures and portfolio documentation, including safekeeping and custodial procedures. E.Monitor the creditworthiness of financial institutions with which the City conducts business. F.Prepare a monthly report of investment activity. A principal or senior portfolio manager shall present a quarterly report on investment activities in person upon request when deemed necessary by the City and be available for additional presentations upon request of the City Treasurer. The report should be presented in a format that is acceptable to the City and include (at minimum): Current and historical characteristics of the portfolio, including yield, sector allocation, effective duration and maturity, duration distribution and changes in market value. A detailed analysis of compliance with the California Government Code, the Citys Investment Policy , state law, City Charter provisions, and any other relevant statutory requirements. An analysis of the total rate of return on the portfolio, relative to its selected benchmark. G. The selected investment advisor must maintain accurate reports, including portfolio composition, interest payments, yield and total return calculations and diversity of investments

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Product Code: 94656

Agency Information

Issuing Agency: City of Los Angeles

State: California

Agency Type: State and Local

Contact: Office of Finance, 200 N. Spring St., City Hall Room 201, Los Angeles, California, 90012



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