The selected Offeror(s), upon execution of the contract, shall perform and provide the following, as requested by the SIC and subject to New Mexico law and policies: 1. Manage an equity portfolio focused on one of the targeted asset classes. 2. Read, understand and act in full accordance with the SIC’s investment policies and guidelines; 3. Assist in the creation and be responsible, in a fiduciary capacity, for the management of a separate account invested in equity securities; 4. Conduct in-depth analyses, with expert due care, of securities prior to inclusion in the portfolio; 5. Use prudent, fiduciary best efforts to outperform the benchmark for the domestic equity separate account; 6. Advise the SIC and/or SIO staff on equity-related issues, including but not limited to, matters which represent significant changes in economic forecasts, investment outlook and industry emphasis; 7. Develop and implement governance, portfolio and other best-in-class risk management practices to ensure that risks are managed and measured as appropriate for the SIC; 8. Reconcile to the SIC’s custodial bank, at least monthly, and provide the reconciliation to SIO staff (a letter or other certification confirming this action shall be provided by the Offeror/Manager)
