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Bid Title: Addendum 2 Added-City of Dubuque Investment Management Services RFP
Category: Finance
Status: Closed


*Please see attached addendum 2 added 8/6/2020 to this RFP*
*Please see attached addendum 1 added 7/30/2020 to this RFP*

The City of Dubuque, Iowa is soliciting competitive sealed proposals from qualified firms to provide investment management services in accordance with the City’s investment policy. This awarded contract would be for five years (August 2020 through August 2025).

The firms selected as investment managers will be expected to provide portfolio management services for a portion of approximately $28 million in operating funds for the City of Dubuque.

The overall scope of services is to provide investment management services. The City is interested in obtaining the following specific services, although not all-inclusive include:


  • Assist the government entity with cash flow/maturity analysis.
  • Provide management and advisory services for the City’s investment portfolio.
  • Develop and implement sound investment strategies which will maximize the portfolio’s performance within the parameters of the adopted investment policy and Iowa Code.
  • Provide technical and fundamental market research, including yield curve analysis.
  • Provide credit analysis of investment instruments in portfolio.
  • Provide monthly / quarterly / annually reporting on all government entity funds detailing securities holdings (including balances in local government investment pools), portfolio composition and sector analyses, portfolio return and weighted average maturity, and daily transaction activity.
  • Attend quarterly / as needed meetings with government entity staff / officials.
  • Evaluate market risk and develop strategies that minimize the impact on the portfolio.
  • Provide assurance of portfolio compliance with applicable policies and laws.
  • Review safekeeping and custodial procedures and agreements.
  • Establish an appropriate performance benchmark as part of reporting requirements.
  • Review investment policy – recommend appropriate amendments.
  • Ensure portfolio structure matches government entity’s objectives.
  • Assist with trade settlements.
  • Monitor the creditworthiness of financial institutions and the investments in the portfolio.
  • Perform due diligence reviews of current and proposed broker / dealers.
  • Provide authorized City staff with online access to the City’s current investment account.


Investment practices and procedures must comply with state law and the City of Dubuque written investment policy. The investment advisory firm will be expected to perform to the Prudent Expert Standard.

Please see the attached document for additional details.

Publication Date/Time:
7/28/2020 9:00 AM
Closing Date/Time:
8/19/2020 2:00 PM
Submittal Information:
See attached document
Addendum Date/Time:
Contact Person:
Jennifer Larson
Director of Finance and Budget
City of Dubuque
Finance Department
50 West 13th St
Dubuque, IA 52001
Phone: 563.589.4322
See attached document for additional details
Special Requirements:
See attached document for additional details
Related Documents:
View Document(s)

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