Contractual services for OCIO services will include but not be limited to the following. 1. Development of Investment Policy Objectives and Guidelines: Assist the Town in the development and periodic review of policy statements that properly reflect the Town’s tolerance for risk and that best help the Town meet its rate-of-return, funded status and administrative expense objectives. 2. Asset Allocation Advice: Evaluate the Plan’s current asset allocation and asset allocation guidelines to determine whether or not they are consistent with the Town’s investment objectives and guidelines, as outlined by the Town’s Investment Policy Statement (the “IPS”). Work with Town’s Investment Committee to determine the Plan’s optimal asset allocation. 3. Portfolio Management: Manage all aspects of the asset allocation implementation including: • Portfolio Construction • Manager Selection and Management • Portfolio Rebalancing • Portfolio Cash Flow Management • Legal Documentation...
