Multi-Asset/Investment Advisor
The $350 million fund is seeking discretionary investment advisory, management and reporting services.
The institution is looking to improve its cash flow management, optimize liquidity and establish a robust treasury management system to enhance its financial stability and maximize investment returns.
The city is searching for a firm to provide the services related to its operating and capital funds totaling approximately $60 million to $70 million.
The advisor will continue providing services for the city’s short- and medium-term investment portfolios.
The district tabled a similar search for services in 2017.
The responsibility for investing the city’s cash and trust funds previously resided with the finance manager and treasurer.
The authority has opted to retain its incumbent following a search launched in September.
PFM Asset Management currently provides investment advisory services for the city’s investment funds.
An authority overseeing a college savings plan in the Midwest has renewed its contracts with a record keeper and two investment managers.
The town received three proposals in response to an investment advisor RFP issued in September.