Description
The City of Rockford is seeking proposals from qualified investment firms to provide professional investment management services for the City’s assets totaling approximately $100 million. The selected firm will provide full-time discretionary management of the City’s investment portfolio, work with City staff to develop cash flow projections, review and recommend updates to the City’s Investment Policy, and provide monthly statements and quarterly performance reports. The firm must have at least $10 billion in assets under management, be registered with the Securities and Exchange Commission, and have experience managing fixed income assets for state/local governments.
Key aspects of the job include:
• Providing investment management services for the City’s assets
• Developing cash flow projections to ensure the investment strategy is consistent with the City’s cash requirements and future liabilities
• Reviewing and recommending updates to the City’s Investment Policy
• Providing monthly statements and quarterly performance reports
• Serving as a general resource to the City Council, management, and staff for information and advice regarding the City’s investment portfolio