The City expects its investment advisor to be highly experienced, a leader and innovator in fixed income investments and able to provide comprehensive investment advisory services. The firm selected as the investment advisor (and its affiliates) will be restricted from selling to the City or buying from the City, any securities from and to that firm’s own inventory or account. The investment advisor will also be restricted from placing into the City’s portfolio any securities for which it, or an affiliate, is the issuer. Investment advisors will not provide custodial services for security safekeeping Advisor shall prepare a monthly report and/or presentation to the City Treasurer and Chief Investment Officer on the City's General Pool Investments. The report is to be delivered promptly on a consistent specified date each month. The City requests a report that can provide an in-depth view of the General Pool which consists of the Core, Reserve, and Extended Reserve portfolios. The report shall provide: • Information about current and historical characteristics of the portfolio, including book yield, total return, sector allocation, effective duration, maturity, duration distribution, and changes in market value; • A detailed analysis of compliance with Investment Policy, state law, City Charter provisions, and any other relevant statutory requirements; • Summary of current economic and capital market conditions, and recommendations on strategies to optimize the portfolio's risk adjusted return profile; • An evaluation of the City's securities lending program; • An analysis of the total rate of return on the portfolio over different time periods, including; reporting month, 3-month, 6-month, 1-year, 3-year, 5- year and 10-year relative to its selected benchmark.
