New York State Contract Reporter #2138792

Investment Advisory and Cash Management Services for NYS Olympic Authority

The New York State Olympic Regional Development Authority (NYS Olympic Authority) is seeking qualified firms to provide Investment Advisory and Cash Management Services for its Finance division. - Government Buyer: - New York State Olympic Regional Development Authority (Finance Division) - Scope of Services: - Management of approximately $10 million in investable assets - Portfolio review and investment strategy recommendations - Execution, monitoring, and reporting of investments - Compliance with the Authority's Investment Policy and New York State law - Ongoing management to maximize returns within Board-approved risk and liquidity parameters - Unique Requirements: - Fiduciary responsibility and safeguarding of principal - Cybersecurity measures and disclosure of AI usage - Experience with public-sector investment management - Transparent reporting to Authority leadership and Board - Contract Details: - Initial term of one year, with four one-year renewal options - No specific OEMs or hardware products are requested; this is a service-based procurement.

Description

The Olympic Authority is soliciting qualified firms to serve as an Investment Advisor. The selected firm will review the Authority's cash and investable reserves, recommend an investment strategy consistent with the Authority's Investment Policy and New York law, and provide ongoing management, monitoring, and reporting to maximize investment return within approved risk tolerance and liquidity requirements. The contract term is one year with four one-year renewal options. The Authority anticipates managing approximately $10 million in investable assets, which may fluctuate.

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