The work will include a wide spectrum of transition management and related support services, including, but not be limited to providing the following: 1. a comprehensive pre-trade analysis for each transition event the firm is submitting a proposal for, that includes: an analysis of the risks and costs associated with the event, a plan for mitigating those risks and minimizing those costs, a detailed transition timetable for executing the transition, and an estimate of all commission costs and trading costs for the transition; 2. a detailed post-trade report for each transition event the firm is submitting a proposal for, which includes: a detailed written analysis of the Transition Manager’s performance, comparison of expected pre-trade results versus actual results of the event, an analysis of the costs incurred, and detailed information on all the trades that were executed and the costs of each trade; 3. project management services, coordinating the entire transition process and work cooperatively with BAM staff, investment managers, the custodian bank, and other third-party service providers where applicable to ensure that the assets are transitioned in an efficient, cost-effective, and risk-controlled manner; 4. periodic updates on the progress of the transition event and participate in meetings or virtual calls as needed to discuss the management and performance of the transition project(s); 5. transition management research, analysis, and presenting the results of the transition to BAM. Additionally, if required, be able to present the results of the transition to the Systems Boards of Trustees; 6. trade stamps and related activity data to independent evaluators promptly and securely, as required; and 7. interim portfolio management services on an “as needed” basis, following specific investment guidelines.
