Award
Arkansas Department Of Transportation Ardot #RFP-15-005P
Investment Management Firm Services
Recipient
Not Specified
Award Amount
$40,000,000.00
Ceiling
$40,000,000.00
Awarded
April 24, 2015
Identifier
RFP-15-005P
The Arkansas Department of Transportation awarded a contract to manage up to $40 million for the Arkansas State Highway Employees Retirement System (ASHERS) using the Core Fixed Income Manager Investment Discipline. The contract involves managing the specified funds, providing quarterly portfolio presentations, and ensuring compliance with ASHERS Investment Policy and Arkansas state laws. The selected firm must have at least two years of experience as a core fixed income manager, demonstrate a five-year performance history, and be capable of servicing the account professionally. The contract duration is twelve months, from July 1, 2015, through June 30, 2016. The procurement process included a request for proposals, with evaluation based on fee quotes, experience, and compliance with mandatory requirements. The place of performance is Little Rock, Arkansas, within Pulaski County.
Description
Request for Proposal (RFP-15-005P) issued by the Arkansas Department Of Transportation (Ardot) for Investment Management Firm Services. The contract involves managing up to $40 million for the Arkansas State Highway Employees Retirement System using the Core Fixed Income Manager Investment Discipline. The contract term is twelve months from July 1, 2015 through June 30, 2016. The selected firm must have at least two years of experience as a core fixed income manager and a five-year performance history. The firm is expected to provide quarterly presentations and comply with ASHERS Investment Policy and Arkansas state laws.