Investment Consulting Services in Support of the Troubled Assets Relief Program (TARP)

The U.S. Department of the Treasury ("Treasury") requires investment consulting services in connection with its portfolio of assets acquired pursuant to Emergency Economic Stabilization Act of 2008 (EESA).

The Treasury seeks services under one or more indefinite-delivery indefinite-quantity contracts that have a base performance period of one year and four one-year option periods. The Treasury intends to issue Firm-Fixed Priced task orders against this contract whenever possible, which will require defined work efforts and deliverables by specified deadlines. The Treasury intends to award one contract under this RFP, but reserves the right to award multiple contracts or no contract under this RFP.

The places of performance will be at the Treasury's office in Washington, D.C., and the registered offices of the firm, as specified by task order.

Any contract award for the work requirement shall be contingent upon and subject to the availability of funding.

The Treasury seeks full-service investment consultant services to help administer a highly complex, multi-manager portfolio of multiple asset classes. The firm(s) selected to provide the services will be required, as directed, to:

• Develop and maintain investment policies and guidelines for asset managers and other service providers or fund managers supporting the portfolio;

• Assist the Treasury in selecting asset managers and in conducting asset manager evaluations, as well as other vendor, financial agent, and fund manager selections and evaluations, as necessary to support the ongoing and changing needs of the portfolio;

• Assist with the oversight of asset managers, fund managers, and other service providers supporting the portfolio;

• Establish and implement rules and procedures to coordinate the activities of asset managers, fund managers, and other service providers supporting the portfolio;

• Assist the Treasury in evaluating and developing portfolio disposition strategies and policies;

• Measure performance of asset managers, fund managers, and service providers, as well as asset classes, investments, and the overall portfolio;

• Provide advice and analysis on the market value of services provided to the Treasury by asset managers and other service providers supporting the portfolio;

• Perform quantitative evaluations of funds and fund managers, including on portfolio holdings valuations, performance measurement/reporting, performance attribution analysis, portfolio optimizing, portfolio exposures/stress testing, and custom research and risk analytics based on customized benchmarks, relative returns, and other quantitative and qualitative parameters established by the Treasury;

• Provide technical analysis and model-driven evaluations and reviews on portfolio performance, risks/exposures and trade analysis, and conduct portfolio stress tests;

• Measure and help manage risks across the portfolio;

• Develop asset allocation strategies across asset managers and fund managers;

• Produce portfolio and other management reports;

• Evaluate the ongoing costs of asset managers, fund managers, portfolio operations, and other portfolio costs;

• Develop and monitor performance benchmarks and other measures of investment and portfolio success;

• Provide advisory services on fund managers, fund manager investment professionals, the General Partners of funds, and decisions affecting the Treasury's investment in a particular fund;

• Provide periodic customized internal reports to the Treasury on funds and investments, as well as assistance in developing external reports on funds and investments;

• Assist the Treasury in identifying conflicts of interest with respect to asset managers, financial agents, fund managers, and other service providers, and provide advice relating to transparency, conflict of interest mitigation, and disclosure;

• Conduct on-site and desk reviews of the conflict of interest mitigation plans of asset managers, financial agents, fund managers, and other service providers;

• Assist the Treasury in conducting executive searches for possible officers, directors, trustees, and other positions at financial institutions in connection with the Treasury's investments and loans in the portfolio;

• Assist the Treasury in developing policies, procedures, and programs for executive compensation rules at financial institutions in connection with the Treasury's investments and loans in the portfolio;

• Develop and maintain operational policies, procedures, and practices for the administration of the portfolio;

• Assist with the preparation of reports to oversight bodies;

• Advise on tactical and strategic investment and market issues impacting the portfolio;

• Conduct other research, analysis, and special studies;

• Conduct education and training sessions;

• Identify firms, including minority- and women-owned firms, qualified to provide necessary services connected with the portfolio;

• Provide other related investment consulting services identified by the Treasury; and

• Provide for all necessary operational and analytical hardware, software, and system interfaces to support the services above.

Performance will be required immediately upon contract award. The selected firm(s) may be required to provide on-site support in connection with various tasks under the contract, as directed by the Treasury.

For the services listed above, the firm(s) will be required to complete deliverables in the form of written reports, program documents, options papers, face-to-face presentations, verbal recommendations, and implementation of decisions and approved recommendations, as directed by the Treasury.

The awardee(s) may be required to provide transition services at the conclusion of the performance period, cooperate in good faith with the Treasury and any successor investment consultant, and provide such services as may be necessary for an orderly transfer of knowledge, functions, records, and data to any successor.