CanadaBuys #TOK202620

Town of Kentville Investment Management Services Solicitation

The Town of Kentville is seeking qualified investment management firms to oversee its Special Reserve Fund, which currently holds approximately $15 million in assets. - Government Buyer: - Town of Kentville, Nova Scotia, Canada - Services Requested: - Investment management services for the Special Reserve Fund - Manage assets in accordance with the Town's Investment Policy and relevant legislation - Maintain a minimum reserve balance of $10 million - Preserve the real value of financial assets - Generate annual investment returns to support income distribution and cash flow - Maximize returns within accepted risk tolerance levels - Unique Requirements: - Strict adherence to the Town’s Investment Policy - Compliance with operational and capital funding needs - Competitive open bidding process - No specific OEMs or vendors are named in the notice - Estimated contract duration is 36 months

Description

The Town of Kentville is seeking proposals from qualified investment management firms to provide investment management services for its Special Reserve Fund, which currently holds approximately $15 million in assets. The selected firm must manage the Fund prudently in accordance with the Town's Investment Policy, applicable legislation and regulations, and operational and capital funding needs, while maintaining a minimum reserve balance of $10 million. The goal is to preserve the real value of financial assets, generate annual investment returns to support income distribution and cash flow requirements, and maximize returns within accepted risk tolerance levels. The contract duration is estimated at 36 months with a competitive open bidding procurement method.

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