TRE20104 – INVESTMENT ADVISORY SERVICES

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

• RFP Published – April 1, 2020
• Deadline for Vendor Questions – April 15, 2020
• Deadline for State Responses: Q&A Closed & Published – April 22, 2020
• Deadline for Vendor Proposal Submission – May 22, 2020 *Addendum to RFP allows for electronic submission through Bonfire
• Finalist Presentations via Remote Skype Session -Week of June 15, 2020
• Estimated Board Approval – August 26, 2020
• Contract Negotiation and Execution – Month of September 2020
• Award Notification – By September 30, 2020
• Implementation – To be completed by December 31, 2020

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.

TRE20103 – INVESTMENT MANAGEMENT SERVICES

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.

• RFP Published – February 3, 2020
• Deadline for Vendor Questions  • February 14, 2020
• Deadline for State responses – Q&A Closed and Published  • February 21, 2020
• Deadline for Vendor Proposal Submission • March 13, 2020
• Finalist Presentations • Week of April 20, 2020
• Estimated Board Approval • May 27, 2020
• Contract Negotiations and Execution • Month of June 2020
• Award Notification • July 1, 2020
• Implementation Schedule • To be completed by July 1, 2020

• Investment Management Services RFP Final
• Schedule Rate of Return

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.

RFP_TRE19202-LOCALBANKS

• Delaware Local Bank RFP Final
• Requirement Matrix
• Schedule of Fees

RFP Timeline

• RFP published • March 8, 2019
• Notice of Intent to Respond due • March 15, 2019
• Deadline for Vendor questions • March 15, 2019
• Deadline for State responses – Q&A closed & Published • March 22, 2019
• Deadline for Vendor proposal submission • April 2, 2019
• Finalist presentations • Week of April 29, 2019
• Finalist Selected / Begin Contract Negotiations • August 28, 2019
• Complete Contract Negotiations • To be determined
• Estimated Award Notification (Board Approval) • To be determined
• Implementation Schedule • To be determined

Visit the State’s Bid Solicitation Directory to learn more about open and awarded solicitations.