Investment Management Services

Description of Services:

The District is currently seeking proposals from qualified Investment Managers of demonstrated professional competence and experience to perform investment management services to supervise and direct the investments of the District. The District intends to select one management firm registered with the Securities and Exchange Commission (SEC) under the Investment Advisor’s Act of 1940 who will act in a fiduciary capacity for the District, providing investment management services described herein. Investment management services will be performed on a contract fee basis. The term of this contract will be three (3) years (October 1, 2025 – September 30, 2028). The contract may be renewed for two (2) 2-year terms with mutual written consent from both parties.

The District’s current investment manager is Public Trust Advisors, LLC. The services were procured in 2020, and the final renewal term expires September 30, 2025.

The District’s cash and investments were approximately $144 million as of September 30, 2024. Approximately $20 million of the funds are restricted and are outside the services to be provided by Respondent. Respondents are instructed that for the purposes of Request for Proposals, 41027, Respondent will base its Proposal on having $100 million available for investment purposes.