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Document
Short Term Credit Facility Q2517
Year Created: 2025
DOCUMENT
RFQ - Investment Advisor 2009
- YEAR CREATED: 2009
- ENTITY TYPE: State
- TYPE OF DOCUMENT: RFQ - Requests for Quotes
- Finance
This document is a Request for Qualifications (RFQ) for investment management services issued by the California Infrastructure and Economic Development Bank (I-Bank). The document outlines the requirements and specifications for firms interested in providing investment management services to the I-Bank.
The RFQ specifies that firms must submit their responses by the deadline and that only those responses complying with the minimum qualifications outlined in Section V will be considered. This indicates that the I-Bank has set specific criteria that firms must meet in order to be eligible for consideration.
The document includes sections on legal proceedings, references, insurance coverage, additional information, and fee proposals. Firms are required to disclose any criminal or regulatory investigations or actions they may have been involved in, as well as any civil litigation where they were a defendant. This suggests that the I-Bank is concerned about the reputation and legal history of the firms they are considering.
Firms are also asked to provide contact information for five references from governmental agencies for which they have provided investment management services. This indicates that the I-Bank values the opinions and experiences of other governmental agencies in assessing the capabilities of the firms.
The document further asks for details on the firm's level of insurance coverage, including errors and omissions insurance. This suggests that the I-Bank wants to ensure that the firms have adequate insurance coverage to protect against potential errors or omissions in their investment management services.
Firms are encouraged to provide any additional information they believe is relevant to the selection process, such as samples of reports and other deliverables. This indicates that the I-Bank is open to considering additional factors beyond the minimum qualifications outlined in the RFQ.
Firms are required to submit separate fee proposals for different types of investment management services. The document provides a chart for firms to list their staff costs and miscellaneous expenses related to the services they are proposing. This suggests that the I-Bank wants a clear understanding of the financial aspects of the firms' proposals.
The document concludes with rules and conditions, including the I-Bank's right to modify or suspend the RFQ, the waiver of claims by firms participating in the process, and the I-Bank's right to select a firm based on their needs, regardless of differences in fees and expenses. This indicates that the I-Bank has the authority to make changes to the RFQ process and has set certain expectations for the participating firms.
Overall, the document provides a comprehensive overview of the requirements and process for firms interested in providing investment management services to the I-Bank, including the need to meet minimum qualifications, provide references, disclose legal history, demonstrate insurance coverage, and submit detailed fee proposals.