New York State Contract Reporter #2134296

BPCA Seeks Financial Investment Advisory Services for Portfolio Management

The Hugh L. Carey Battery Park City Authority (BPCA), a New York State public benefit corporation, is seeking proposals for comprehensive financial investment advisory services to manage its approximately $1.2 billion investment portfolio. - Scope of Services: - Full range of investment advisory services, including: - Portfolio management - Investment strategy development and implementation - Advising on investment philosophy - Regular investment performance reporting - Policy reviews and updates - Asset allocation strategy development - Compliance monitoring with BPCA's Investment Guidelines - Services must align with New York State laws, including the Iran Divestment Act and Executive Order 16 - Contract Details: - Three-year base contract with two one-year renewal options (up to five years total) - BPCA may terminate the contract at any time, with or without cause - Diversity and Participation Goals: - Encourages participation from New York State-certified Minority-Owned Business Enterprises (MBE), Women-Owned Business Enterprises (WBE), and Service-Disabled Veteran-Owned Business Enterprises (SDVOB) - Participation goals: 15% MBE, 15% WBE, 6% SDVOB - Location: - Primary place of performance and contract administration at Battery Park City, 200 Liberty Street, New York, NY - No specific OEMs or proprietary products are required, as this is a professional services opportunity

Description

Battery Park City Authority d/b/a Hugh L. Carey Battery Park City Authority (BPCA) requests proposals from qualified firms to provide a full range of financial investment advisory services. The selected proposer will assist BPCA in managing its investment portfolio by advising the Board on investment philosophy, providing regular performance reports, conducting policy reviews and updates, developing asset allocation strategies, monitoring compliance, and implementing an overall investment strategy. Services will be performed consistent with BPCA's Investment Reports and Guidelines. The contract term is 3 years with 2 one-year renewal options.

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