Specifications include, but are not limited to: Salem State University (the “university”) investment portfolio totaled approximately $15.9 million for period ending March 31, 2019. The university’s financial and investment activities are separate from Salem State University Foundation and Salem State University Assistance Corporation. The primary objective of the university’s investment policy is to provide safety of principal and sufficient liquidity to ensure a reasonable degree of flexibility in the operations of the university, while increasing the investment balances for the university. The investment manager(s) will be responsible for keeping management abreast of the economy, recommend a mix of various eligible investment within the context of laws, regulations and university policy, and for transacting investment activity consistent with the objectives and direction stated in the university’s investment policy. The administration of the university’s funds must comply with Massachusetts General Laws (MGL), Chapter 73, section 14; Chapter 180A; and all other applicable laws and regulations.