Oktibbeha County Civicplus #RFP 20260715-001

Oktibbeha County Institutional Investment Management and Fiduciary Services for $55M Endowment

Oktibbeha County, Mississippi is seeking a qualified institutional fiduciary to manage its $55 million Reserve and Trust Fund. - Government Buyer: - Board of Supervisors of Oktibbeha County, acting as the Board of Trustees for the Oktibbeha County Reserve and Trust Fund - Office: Oktibbeha County Chancery Clerk - Services Requested: - Comprehensive discretionary investment management for a permanent public endowment - Custody coordination and independent custodial services - Quarterly reporting and CPI-U indexed inflation calculations - Annual audited compliance statement preparation - General trust advisory services - Minimum Qualifications: - Must be a state- or federally chartered bank or trust company authorized in Mississippi - At least $15 billion in consolidated banking assets and $1 billion in assets under management or administration - Minimum 15 years of continuous trust powers - Management of at least three comparable endowment accounts of $25 million or more - $20 million in E&O and fidelity bond insurance - Annual SOC 1 and SOC 2 audit reports - GIPS-compliant, independently verified performance data - Notable Requirements: - Strict compliance with Mississippi House Bill 4110 and the Mississippi Uniform Prudent Investor Act - Fee cap of 0.50% annually - Mandatory public transparency and reporting - Only institutions meeting all minimum qualifications will be considered responsive

Description

Oktibbeha County, Mississippi is soliciting proposals from qualified chartered institutional fiduciaries to provide comprehensive discretionary investment management, custody coordination, quarterly reporting, CPI-U indexed inflation calculations, annual audited compliance statement preparation, and general trust advisory services for the permanent public endowment of the Oktibbeha County Reserve and Trust Fund. The fund has an initial trust corpus of exactly $55,000,000. The selected fiduciary must comply with Mississippi House Bill 4110 and the Mississippi Uniform Prudent Investor Act, and meet specific qualifications including being a state- or federally chartered bank or trust company with at least $15 billion in consolidated banking assets and $1 billion in assets under management. Proposals are due by August 31, 2026, at 2:00 PM Central Time.

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