MTC is requesting proposals from experienced firms to provide investment management and advisory services. It is anticipated that the initial contracts will be for five-year terms with the option for one five-year extension. The Agencies do not currently utilize the services of an investment manager, with the exception of the Agencies’ pension 115 trust accounts, which are not subject to this RFQ. All other funds are currently invested and managed by MTC staff or bond trustees. Through this RFQ, MTC shall create a pre-qualified bench of consultants (“Bench”) from which MTC may contract on a per-project basis to manage specific funds to a given duration, taking into account cash flow needs. MTC plans to maintain flexibility in its sole discretion to change the allocation of funds among firms, including removing investment management responsibility from a firm altogether.
