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The Office of the State Treasurer (“OST”), on behalf of itself and the Plans Management Board (“Board”), are seeking proposals from qualified program managers (“Vendors”) to provide recordkeeping, investment management and administrative services for the State’s college investment plan under Section 529 of the Internal Revenue Code(“529 Plan”). This RFP is issued pursuant to 29 Del. C. §§ 6981, 6982(b) and 6986.
Tentative RFP Timeline
There will be no pre-bid meeting associated with this RFP.
This RFP is not an offer. The State reserves the right to cancel this RFP or modify the above RFP dates at any time, and for any reason.
The Office of the State Treasurer (“OST”), on behalf of the Cash Management Policy Board (the “Board,” and together with OST, the “State”), issues this request for proposals (the “RFP”) seeking offers from qualified financial services firms (“Vendors”) with substantial public fund experience to provide investment advisory services to the Board and OST. The selected firm will serve in a fiduciary capacity. The RFP is issued pursuant to 29 Del. C. §§ 6981, 6982 and 6986.
MINIMUM INVESTMENT ADVISORY EXPERIENCE: To be eligible to receive an award, Vendors must (a) have investment advisory experience with continuous performance for the last ten (10) years, with a minimum of $50 billion in public funds oversight at all times during that period, and (b) be independent of the State’s banks, investment managers, endowment managers and custodian and free of conflicts of interest.
Tentative RFP Timeline
There will be no pre-bid meeting associated with this RFP.
This RFP is not an offer. The State reserves the right to cancel this RFP or modify the above RFP dates at any time, and for any reason.
The Office of the State Treasurer (“OST”), on behalf of the Cash Management Policy Board (the “Board,” and together with OST, the “State”), issues this request for proposals (the “RFP”) seeking offers from qualified investment management firms (“Vendors”) to provide investment management services to the State for certain pooled endowment/trust funds (the “Endowment Fund”). The RFP is issued pursuant to 29 Del. C. §§ 6981, 6982 and 6986.
MINIMUM INVESTMENT MANAGEMENT EXPERIENCE: To be eligible to receive an award, except as provided in the next sentence, Vendors must have investment management experience with continuous performance for the last ten (10) years, with a minimum of $1 billion in assets under management during that period. Any firm with primary headquarters in Delaware may be eligible to receive an award if such firm has a minimum of $250 million in assets under management and a track record of at least five (5) years of continuous performance managing at least such amount may submit a proposal.
There will be no pre-bid meeting associated with this RFP.
This RFP is not an offer. The State reserves the right to cancel this RFP or modify the above RFP dates at any time, and for any reason.
Visit the State’s Bid Solicitation Directory to learn more about open and awarded solicitations.
Related Topics: banking, local bank, Request for information, request for proposal, RFI, rfp
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