Specifications include, but are not limited to: Management of Investment Holdings of the UNLV Foundation A. Required Services 1. The Successful Proposer shall provide the resources necessary to successfully manage the investment holdings of the UNLV Foundation. 2. The Successful Proposer shall review the current investment strategy and suggest alternative strategies for management if appropriate. 3. A core set of services shall be identified and made available to the Foundation for consideration. 4. Any additional or ancillary services offered by the Successful Proposer shall be made available to the Foundation with assessment and guidance on how those services can benefit the fund management strategy. 5. The Successful Proposer must provide performance reporting and reviews on asset allocation of the funds being managed for the Foundation. 6. The Successful Proposer shall train and educate the Foundation and its Investment Committee concerning investment topics which impact the funds being managed. B. Administration of Investment Managers 1. The Successful Proposer shall be expected to research and assess investment managers that are in the best interest of the Foundation. This process should include: a. Thorough search capabilities for identifying appropriate managers. b. Updated and relevant data on all potential managers. c. Interview and selection of managers. d. Monitor manager performance in adherence to the goals and objectives of the Foundation. e. Negotiate account administration with the managers. f. Terminating managers. C. Measuring Performance 1. The Successful Proposer shall prepare and submit comprehensive performance reports at intervals agreed upon by the Foundation. 2. The Successful Proposer shall submit evaluations of risk assessment and fund distribution. 3. The Successful Proposer will be expected to measure Foundation satisfaction of Proposer’s performance and report findings. Suggestions for improvements must be made if any satisfaction indicators reveal concerns regarding performance. II. Support Considerations A. Assigned Staff 1. The Successful Proposer must clearly identify (name, title, role) their employees designated to work with the Foundation. The Foundation would expect the designated employees would have sufficient levels of experience and expertise to successfully manage the investment holdings of the Foundation. 2. The Foundation requires the Successful Proposer to communicate any proposed changes in support staff prior to such change being made. B. Experience The Successful Proposer should have sufficient experience with clients in higher education, specifically public institutions, to allow for a better understanding of the needs of the Foundation.
