Government Contract | Alabama
Investment Valuation Services Related to Privately Placed Debt and Equity Investments

Bid Information


Bid Alert No: 00002525332

Bid Title: Investment Valuation Services Related to Privately Placed Debt and Equity Investments

Agency Bid No. Title: 21-005

Received Date: 03/05/2021

Close Date: 04/02/2021

Purchase Type: Not Stated

Delivery Point: Montgomery, Alabama

Delivery Date: Not Stated

Special Notices: Questions Due By 03/12/2021 05:00 PM

Specifications

Specifications include, but are not limited to: The TRS and ERS have jointly employed the Secretary-Treasurer as the Chief Executive Officer (CEO)and several other administrative personnel. This has allowed greater efficiencies by consolidatingoperations of the TRS and the ERS (Systems) by function. All investment management is handled inhouse by RSA Investment staff. Investment Authority is granted to The Boards of Control, as Trustees of the Systems, by Alabamastatutes. Each of the Systems Board of Control, therefore, have full power, through each Systemssecretary-treasurer, to invest and reinvest System funds in accordance with the Prudent Person Rule:with the care, skill, prudence, and diligence under the circumstances then prevailing that a prudentman acting in a like capacity and familiar with such matters would use in the conduct of an enterpriseof a like character and with like aims. An important component of any investment strategy is thedecision regarding allocation of investments among the various asset classes. The purpose offormulating asset allocation guidelines is to maximize investment returns within the standards ofprudence established for the whole portfolio.

Bid Related Documents

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Amendments

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Product Codes: 94648, 94656

Agency Information


Issuing Agency: The Retirement Systems of Alabama

State: Alabama

Agency Type: State and Local

Contact: 201 S. Union Street, P.O. Box 302150, Montgomery, Alabama, 36104

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