Sound Transit Biddingo #RP 0116-21

Sound Transit awards contract for investment advisory services for portfolio management

Sound Transit, the Central Puget Sound Regional Transit Authority serving King, Pierce, and Snohomish counties in Washington, has awarded a contract for investment advisory services to manage its multi-billion dollar investment portfolios. - Government Buyer: - Sound Transit (Central Puget Sound Regional Transit Authority) - Procurement & Contracts Division - Services Requested: - Comprehensive investment advisory services for portfolio management - Economic and market analysis - Portfolio categorization and benchmark establishment - Investment strategy recommendations and market valuations - Policy updates and asset liability management support - Broker and financial institution due diligence - Commercial paper evaluations - Compliance and detailed portfolio reporting - Real-time online portfolio access and accounting reports - Notable Requirements: - Compliance with federal, state, and agency regulations - Pricing options must include annualized basis points and fixed fee structures - Emphasis on equal employment opportunity and diversity - Preference for online access to portfolio information - No specific OEMs, part numbers, or product quantities are mentioned, as this is a professional services contract.

Description

Sound Transit is seeking investment advisory services for ongoing management of its investment portfolios. The services include ensuring compliance with federal, state, and agency regulations, performing and reviewing monthly and quarterly portfolio reports, reviewing and approving commercial papers, and providing related advisory support as needed. The contract term is initially three years with possible extensions. The portfolios to be managed are approximately $1.5 to $2.0 billion in value.

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