Description
The Georgia World Congress Center Authority is seeking a qualified investment advisor to provide non-discretionary fiduciary consulting services for the management of hotel and convention center reserve funds. The selected advisor will assist the Authority in the prudent management of these funds, optimize investment structure and yield, and support consistent governance across all Authority-managed reserves. The scope of services includes investment policy development, manager identification and oversight, ongoing advisory and reporting, and compliance and governance support. The Authority intends to make a single award to the highest scored proposer meeting all requirements.
• The investment advisor will provide services for a term of three years with options for renewal.
• The advisor will operate in a non-discretionary capacity, with all investment decisions requiring approval by the Authority.
• The Authority reserves the right to reject any or all proposals and to waive technicalities, irregularities, and informalities.
• The selected advisor will be required to provide quarterly performance evaluation reports and semi-annual report presentations to the Authority Finance Committee.
• The advisor will also be responsible for ensuring that all investments conform to the Indenture's allowable securities and maturity limits.