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Investment Management Services, Recordkeeping, Administrative...

ID: RFP TREAS 2025-01 • State: New Hampshire State Departments

Description

Investment Management Services, Recordkeeping, Administrative Services and Custodial Services of the New Hampshire Public Deposit Investment Pool
Background
The State of New Hampshire, through the State Treasury and the Public Deposit Investment Pool Advisory Committee, is seeking competitive proposals for investment management services, recordkeeping, administrative services, and custodial services for the New Hampshire Public Deposit Investment Pool (NH PDIP).
Established in 1993, the NH PDIP aims to provide public entities in New Hampshire with a safe and liquid investment option that offers competitive returns.
As of March 31, 2025, the pool had a balance of $620,959,628 with 518 participants including school districts, towns, trusts, libraries, and counties.
The current contract for these services has been held by PFM Asset Management since August 2015.

Work Details
The selected contractor will provide a range of services including:
1. Investment advisory services to ensure safety and liquidity while maximizing returns.
2. Administrative and recordkeeping services for effective operation of the pool.
3. Custodial services that include daily balancing of custodial activities with the investment advisor and systems for handling securities transactions.
4. Compliance with applicable laws including RSA 6:45 and GASB Statement No. 79.
5. Regular reporting to the State Treasurer and Committee on economic forecasts, investment strategies, participant issues, and audit results.
6. Development of marketing plans to communicate with current and prospective participants.
7. Maintenance of historical records and performance benchmarks appropriate for constant NAV local government investment pools.

Period of Performance
The contract will be performed over a period of five (5) years.

Place of Performance
Services will be performed at locations as designated by the New Hampshire State Treasury.

Bidder Requirements
Proposers must demonstrate experience managing constant NAV local government investment pools rated by recognized organizations.
They must also be duly registered to conduct business in New Hampshire and provide a Certificate of Good Standing if selected.
Additionally, proposers must have no conflicts of interest related to this engagement and must comply with all applicable laws regarding equal employment opportunity.

Overview

Opportunity ID
RFP TREAS 2025-01
Response Deadline
June 13, 2025 Due in 8 Days
Date Posted
May 22, 2025
Est. Value Range
Experimental
$5,000,000 - $15,000,000 (AI estimate)
Agency Distribution
High
Source
Source Notes
Source does not have a linkable page for this opportunity. To find the opportunity, go to the Source website listed above and search for the Opportunity ID.
On 5/22/25 Department of Treasury in New Hampshire State Departments issued Investment Management Services, Recordkeeping, Administrative... with ID RFP TREAS 2025-01 due 6/12/25.

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