Specifications include, but are not limited to: A. Investment management services for the CRPTF, will include, but will not be limited to: 1. Supervision and direction of the investments of a separately managed account. As fiduciary, agent and attorney-in-fact with respect to the account, buy, sell, exchange, convert or otherwise trade in any securities and other investment instruments as permitted by the specific, negotiated investment guidelines mutually agreed to by the State and the Respondent. 2. Transacting according to the investment guidelines. 3. Executing all trades in an attempt to obtain the best net price and most favorable execution of each purchase and sale transaction on behalf of the State. 4. Maintaining a system of adequate risk controls, including but not limited to a compliance monitoring system and an operations risk management system to ensure compliance with account restrictions, as well as all applicable State and Federal laws and regulations. 5. Making all administrative and regulatory filings required for the management of the separate account, including State, Federal, IRS, SEC and FINRA. Prospective respondents are advised that: a. The State requires use of its Custodian bank. B. Reporting 1. Provide complete transparency on daily trading activity through online and written reports. 2. Provide a full monthly reconciliation between the Respondent’s accounting and performance records and the Master Custodian’s accounting and performance records. 3. Provide monthly investment reports to include: a. Net-of-fee performance results over multiple time periods; b. Market outlook. 4. Provide monthly reports quantifying the metrics used to measure the risk of the portfolio. 5. Provide the State with a copy of Part 2 of Form ADV, at least annually. 6. Provide annual compliance report and operating risk report. 7. Make on-site presentations to the State at a minimum of once per year and be available to meet and/or discuss portfolio as requested