Alaska Online Public Notices #AIDEA27-017

AIDEA Alternative Fixed Income Investment Management Services

AIDEA is seeking investment management firms to manage alternative fixed income portfolios through its designated custody accounts. - Government buyer: Alaska Industrial Development and Export Authority (AIDEA), a State of Alaska entity within the Department of Commerce, Community, and Economic Development. The procurement office is identified as Procurement; Chief Procurement Officer Kelly Noble. - Requested service: Alternative fixed income investment management under multiple as-needed IDIQ contracts. No specific investment management firms, products, part numbers, or service quantities are named. - Scope: Strategy and data-gap analysis; investment research, benchmarks, peer comparisons, fee and return analysis; development of investment guidelines and Investment Management Agreement (IMA) terms; portfolio transition, security selection, trading, risk management, rebalancing, and ongoing management; performance, attribution, risk, and compliance reporting; audit support and valuations; and transition, wind-down, liquidation or in-kind transfer, records transfer, and final accounting. - Key requirements: Services must follow AIDEA’s Investment Policy and use AIDEA’s designated custody accounts at U.S. Bank. Managers must meet applicable custody, trading, settlement, reporting, and operational requirements. Strategies requiring another custodian or transfer of AIDEA assets to another custodian will not be accepted. - Anticipated allocation: Approximately $25 million in aggregate initial assets may be allocated among selected managers at AIDEA’s discretion. No minimum allocation, number of assignments, or compensation is guaranteed. - Term: Three-year base term with three successive two-year options, for a potential maximum term of nine years. Extensions are at AIDEA’s discretion and subject to funding and need. - OEMs: No product manufacturers or OEMs are identified; this is a professional-services procurement. U.S. Bank is named as custodian, not as an OEM or investment manager.

Description

AIDEA seeks qualified investment management firms to provide alternative fixed income investment management services on an as-needed basis through multiple IDIQ contracts. Services must comply with AIDEA’s investment policies, and selected firms must trade through AIDEA’s designated custody accounts at U.S. Bank and meet applicable custody, trading, settlement, reporting, and operational requirements. Strategies requiring another custodian will not be accepted, and allocation or trading authority will not be granted until AIDEA approves the required agreements and operational arrangements. An IDIQ award does not guarantee an asset allocation, minimum service quantity, assignments, or compensation.

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