The CTO is seeking the services of experienced IMs to manage individual short-term investment funds. Investable funds include excess operating/working capital, capital funds, debt service reserve funds, and various other funds for the City's General Fund and other governmental departments including the Philadelphia Water Department, Philadelphia Department of Aviation, and Philadelphia Gas Works. Selected IMs will be part of a pool of firms eligible to provide investment management services for existing accounts and new accounts as needs arise over time. The IMs will demonstrate extensive experience and capability to provide investment management services. The IMs will assist the City in the ongoing process of investment review and compliance and asset allocation decisions. Specifically, the IMs will assist the City with and/or provide: • Strategic planning with respect to asset allocation • Performance monitoring and reporting • Education of the Investment Committee with respect to investments, trends, market conditions, and strategies • Development of internal staff capabilities with respect to investments • Access to all due diligence reports • Management of the funds in accordance with City, State, and Federal guidelines • Other investment management services as required by the City
