Government Contract | Alaska
Investment Advisory Services

Bid Information

Bid Alert No: 00000603050

Bid Title: Investment Advisory Services

Agency Bid No. Title: Not Stated

Received Date: 06/17/2016

Close Date: 08/01/2016

Purchase Type: 2 year term

Delivery Point:

Delivery Date: Not Stated

Special Notices: Questions Due By 07/08/2016


Specifications include, but are not limited to:The City of Kodiak is soliciting proposals from investment advisory firms for portfolio management services. The City of Kodiak requires investment advisory services for two portfolios approximately $16 million in operating funds and approximately $4 million in City enhancement funds. The contract will be for a period of two years with an option to extend for two years, with services to begin on October 1, 2016. Specific services, although not all-inclusive, are to be performed as follows: Assist the City with cash flow / maturity analysis Provide credit analysis of investment instruments in the portfolios Provide monthly, quarterly, fiscal year annual and calendar year annual reporting on the Citys Operating portfolio and Enhancement portfolio. Attend quarterly meetings via conference call with the City investment committee. Attend one City Council work session annually to communicate annual performance Evaluate market risk and develop strategies that minimize the impact on the portfolios Provide assurance of portfolio compliance with applicable policies and laws Establish an appropriate performance benchmark Review the Citys investment policy and make appropriate recommendations Ensure that the portfolios match the Citys objectives Serve as a fiduciary on behalf of the Citys investment portfolios Investment practices and procedures must comply with the laws of the State of Alaska and the City of Kodiaks written investment policy. The investment advisory firm will be expected to perform to the Prudent Expert Standard. Under this contract, the City of Kodiak investment objectives and spending policy are as follows: City funds are to be invested with the objective of preserving the long-term real purchasing power of assets while providing a relatively predictable and growing stream of annual distributions in support of the City. City funds are to be invested with the objective of maximizing incremental income from its portfolios.

Bid Related Documents

Download Document

Product Code: 94656

Agency Information

Issuing Agency: City of Kodiak

State: Alaska

Agency Type: State and Local

Contact: 710 Mill Bay Road, Kodiak, Alaska, 99615



FREE Market Analysis

Get a FREE 90-Day Market Analysis and see the bids you’ve been missing