Description
The State of Delaware, through its Office of the State Treasurer, is soliciting proposals from qualified investment‑management firms to provide fixed‑income investment‑management services for its cash‑management portfolio (~ $6.2 billion). The vendor will be responsible for constructing and executing the portfolio, delivering comprehensive reporting, and offering strategic advice consistent with the Cash Management Policy Board’s investment architecture. The contract is for an initial five‑year term with up to three one‑year extensions, and the State expects a fixed‑price or rate‑based fee structure.
• Manage the State’s liquidity and reserve fixed‑income mandates in line with detailed guidelines (25 % liquidity, 75 % reserve).
• Provide monthly, quarterly, and event‑driven performance, compliance, and attribution reports in electronic format.
• Participate in regular meetings, virtual finalist presentations, and collaborate with the custodian (Northern Trust) and the Board’s consultant.
• Meet insurance requirements, adhere to data‑security standards, and comply with termination and indemnification clauses.