closed🌐 stpeteRFP- 24 - 296
Investment Advisory Services RFP
stpete / Finance
Description
The City of St. Petersburg is requesting proposals from qualified firms to provide investment advisory services (“Advisor”) for the City’s short-term and medium–term investment portfolios. The City desires to contract for services from a 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 City and present performance numbers in accordance with the Association for Investment Management Research “AIMR” (CFA Institute). The Advisor will be required to recommend investment management, procedural changes, investment selection and disposition in accordance with the laws of the State of Florida and the investment policies and procedures established by the City. The City’s investments are governed by the following Investment Policies, which have the portfolios listed for each policy: Investment Policy – City of St. Petersburg, Florida – Municipal Funds Core Portfolio - Short Term (maturities of less one year at the time of settlement) Core Portfolio – Long Term Debt Service-Related Portfolio Bond Proceeds Portfolio Water Cost Stabilization Portfolio City of St. Petersburg, Florida – Alternate Investment Policy Parks Preservation Fund (Weeki Wachee) Environmental Preservation Fund Up of 35% Market Value of the Water Cost Stabilization Portfolio Kopsick Arboretum Investment Fund Certain Donation Funds – Gene Stacy Irrev. Trust Negotiable Credit Holdings
Details?
- Posted
- Sep 23, 2024
- Response deadline
- Oct 22, 2024, 7:00 PM UTC
- Status
- closed
- Buyer
- stpete
- Department
- Finance
- Jurisdiction
- stpete
- Reference #
- RFP- 24 - 296
- Summary
- <p style="text-align: justify; margin: 0in 0in 8pt; line-height: 107%; font-size: 11pt;"><span style="font-size: 12.0pt; line-height: 107%;">The City of St. Petersburg is requesting proposals from qua
- Is Paused
- false
- Template Title
- Request for Proposal
- Copy Count
- 0
- Government Organization City
- St. Petersburg
- Government Organization Logo
- https://assets.procurement.opengov.com/logo-uploads/e2b70d57-c7ba-4ef3-95df-32fa16bd5caf_city_logo_color.gif
- Government Organization Name
- City of St. Petersburg
- Government Organization State
- FL
- Government Organization Website
- https://www.stpete.org/business/procurement/index.php
- Government Organization Zip Code
- 33731
- Government Organization Address1
- P.O. Box 2842
- Government Organization Timezone
- America/New_York
- Government Organization Country Code
- US
- Government Organization Phone Country
- 1
- Closed Substatus
- awarded
Contact
(727)893-7111
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This listing is a summary from stpete's open procurement data. We ingest every field the feed publishes; the full solicitation documents are on the source portal.
Raw record
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"summary": "<p style=\"text-align: justify; margin: 0in 0in 8pt; line-height: 107%; font-size: 11pt;\"><span style=\"font-size: 12.0pt; line-height: 107%;\">The City of St. Petersburg is requesting proposals from qualified firms to provide investment advisory services (“Advisor”) for the City’s short-term and medium–term investment portfolios. The City desires to contract for services from a 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 City and present performance numbers in accordance with the Association for Investment Management Research “AIMR” (CFA Institute). The Advisor will be required to recommend investment management, procedural changes, investment selection and disposition in accordance with the laws of the State of Florida and the investment policies and procedures established by the City. </span></p><p style=\"margin: 0in; text-align: justify; line-height: 107%; font-size: 11pt;\"><span style=\"font-size: 12.0pt; line-height: 107%;\"> </span></p><p style=\"margin: 0in; text-align: justify; line-height: 107%; font-size: 11pt;\"><span style=\"font-size: 12.0pt; line-height: 107%;\">The City’s investments are governed by the following Investment Policies, which have the portfolios listed for each policy:</span></p><p style=\"margin: 0in; text-align: justify; line-height: 107%; font-size: 11pt;\"><span style=\"font-size: 12.0pt; line-height: 107%;\"> </span></p><p style=\"margin: 0in; text-align: justify; line-height: 107%; font-size: 11pt;\"><span style=\"font-size: 12.0pt; line-height: 107%;\"> <strong>Investment Policy – City of St. Petersburg, Florida – Municipal Funds</strong></span></p><p style=\"margin: 0in; text-align: justify; line-height: 107%; font-size: 11pt;\"><span style=\"font-size: 12.0pt; line-height: 107%;\"> Core Portfolio - Short Term <em>(maturities of less one year at the time of settlement)</em></span></p><p style=\"margin: 0in 0in 0in 0.5in; text-align: justify; text-indent: 0.5in; line-height: 107%; font-size: 11pt;\"><span style=\"font-size: 12.0pt; line-height: 107%;\">Core Portfolio – Long Term</span></p><p style=\"margin: 0in 0in 0in 0.5in; text-align: justify; text-indent: 0.5in; line-height: 107%; font-size: 11pt;\"><span style=\"font-size: 12.0pt; line-height: 107%;\">Debt Service-Related Portfolio</span></p><p style=\"margin: 0in 0in 0in 0.5in; text-align: justify; text-indent: 0.5in; line-height: 107%; font-size: 11pt;\"><span style=\"font-size: 12.0pt; line-height: 107%;\">Bond Proceeds Portfolio</span></p><p style=\"margin: 0in 0in 0in 0.5in; text-align: justify; text-indent: 0.5in; line-height: 107%; font-size: 11pt;\"><span style=\"font-size: 12.0pt; line-height: 107%;\">Water Cost Stabilization Portfolio</span></p><p style=\"margin: 0in; text-align: justify; line-height: 107%; font-size: 11pt;\"><span style=\"font-size: 12.0pt; line-height: 107%;\"> </span></p><p style=\"margin: 0in; text-align: justify; line-height: 107%; font-size: 11pt;\"><span style=\"font-size: 12.0pt; line-height: 107%;\"> <strong>City of St. Petersburg, Florida – Alternate Investment Policy</strong></span></p><p style=\"margin: 0in; text-align: justify; line-height: 107%; font-size: 11pt;\"><span style=\"font-size: 12.0pt; line-height: 107%;\"> Parks Preservation Fund (Weeki Wachee) </span></p><p style=\"margin: 0in; text-align: justify; line-height: 107%; font-size: 11pt;\"><span style=\"font-size: 12.0pt; line-height: 107%;\"> Environmental Preservation Fund</span></p><p style=\"margin: 0in 0in 0in 0.5in; text-align: justify; text-indent: 0.5in; line-height: 107%; font-size: 11pt;\"><span style=\"font-size: 12.0pt; line-height: 107%;\">Up of 35% Market Value of the Water Cost Stabilization Portfolio</span></p><p style=\"margin: 0in; text-align: justify; line-height: 107%; font-size: 11pt;\"><span style=\"font-size: 12.0pt; line-height: 107%;\"> Kopsick Arboretum Investment Fund</span></p><p style=\"margin: 0in; text-align: justify; line-height: 107%; font-size: 11pt;\"><span style=\"font-size: 12.0pt; line-height: 107%;\"> Certain Donation Funds – Gene Stacy Irrev. Trust</span></p><p style=\"margin: 0in; text-align: justify; line-height: 107%; font-size: 11pt;\"><span style=\"font-size: 12.0pt; line-height: 107%;\"> Negotiable Credit Holdings</span></p>",
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"created_at": "2024-08-29T18:09:41.739Z",
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"name": "City of St. Petersburg",
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"state": "FL",
"website": "https://www.stpete.org/business/procurement/index.php",
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"proposalDeadline": "2024-10-22T19:00:00.000Z",
"releaseProjectDate": "2024-09-23T18:25:52.799Z"
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