Specifications include, but are not limited to: City of Cordova is soliciting proposals from investment advisory firms for portfolio management services for two portfolios – approximately $4 million in operating funds and approximately $9 million in City Permanent Funds. Assist the City with cash flow / maturity analysis . Provide credit analysis of investment instruments in the portfolios . Provide monthly, quarterly, fiscal year annual and calendar year annual reporting on the City’s Operating portfolio and Enhancement portfolio. Attend quarterly meetings via conference call with the City investment committee. Attend one City Council work session annually to communicate annual performance . Evaluate market risk and develop strategies that minimize the impact on the portfolios . Provide assurance of portfolio compliance with applicable policies and laws . Establish an appropriate performance benchmark . Ensure that the portfolios match the City’s objectives . Review the City’s investment policy and make appropriate recommendations . Serve as a fiduciary on behalf of the City’s investment portfolios . Investment practices and procedures must comply with the laws of the State of Alaska and the City of Cordova’s written investment policy. The investment advisory firm will be expected to perform to the Prudent Expert Standard.
