Description
The City of Fairbanks is seeking a professional investment‑management firm to assume fiduciary responsibility for its Permanent Fund (≈ $182.7 M) and to actively manage a separately‑managed account in accordance with the City’s Investment Policy Statement. The contract is for five years, with no renewal option; a new RFP will be issued in the final year. The award will be made by late November 2026 and service is expected to begin January 1 2027. Evaluation will consider experience, investment approach, risk management, reporting quality, compliance, references and cost.
• Provide full‑service portfolio construction, execution, and ongoing active management of equity, fixed‑income and alternative‑beta assets within IPS‑defined ranges.
• Deliver monthly performance statements, quarterly in‑person presentations to the Permanent Fund Review Board, and an annual briefing to City Council.
• Maintain compliance with City charter, SEC/Alaska regulations, and the detailed investment‑policy (e.g., 4.5 % annual distribution cap, 5 % single‑issuer limit, 90‑day sell‑off on downgrades).
• Coordinate with US Bank (custodian), issue trade instructions, reconcile reports, and respond to ad‑hoc data requests from CFO, auditors, and other staff.