19-01: Investment Managment & Advisory Services

MassBay Community College in Massachusetts is seeking proposals from qualified firms to provide investment management and advisory services. The primary objective is to preserve the safety of the college's principal investments while providing sufficient liquidity to ensure flexibility in the college's operations, with the goal of increasing investment balances. The selected firm will be expected to manage the college's investments in accordance with the college's draft investment policy, which targets an asset allocation of 60-80% equity securities, 20-40% domestic fixed income and cash, and up to 20% international bonds. Respondents must demonstrate experience in managing similar institutional investment portfolios and will be evaluated based on their experience, capabilities, service options, and cost structure, not solely on price. The RFP provides a schedule of key events, including an optional pre-bid conference call, deadlines for written questions and bid submissions, first round presentations, finalist presentations, and the contract award and commencement date. The contract term is three years, with two optional one-year renewals.

The RFP does not specify any set-aside designations or restrictions on the types of organizations that can respond. It also does not list any incumbent vendors or current contractors, nor does it provide any information on existing infrastructure or technology that requires integration. The RFP does not include any details on the possible award value or budget range for the investment management and advisory services contract.