01 Investment Management Services

Description

KENTUCKY STATE UNIVERSITY REQUEST FOR PROPOSAL (RFP) FOR INVESTMENT MANAGEMENT SERVICES RFP 25-01 Issue Date: July 12, 2024 Closing Date and Time: August 8, 2024 3:00 PM EST Issued by: Fran Pinkston Kentucky State University Academic Services Building (ASB), Suite 429 400 East Main Street Frankfort, KY 40601 502-597-6434 Frances.Pinkston@kysu.edu Page 1 of 21 TABLE OF CONTENTS Section 10 – Purpose, Overview & Schedule ............................................................................. 3 Section 20 – Background and Current Business Need .............................................................. 5 Section 30 – Procurement Requirements................................................................................... 6 Section 40 – Scope of Work ..................................................................................................... 12 Section 50 – Proposal Submission ........................................................................................... 14 Section 60 – Proposal Evaluation ............................................................................................ 18 Section 70 – Negotiations ........................................................................................................ 20 Section 80 – Attachments ........................................................................................................ 20 Page 2 of 21 SECTION 10 – PURPOSE, OVERVIEW & SCHEDULE 10.1 Purpose The Kentucky State University Endowment (“Endowment”) is an aggregation of funds comprised of gifts from donors and grants from the Commonwealth of Kentucky with the requirement they be invested in perpetuity to generate a reliable and steadily growing revenue stream to support the mission of the University now and in the future. The revenue stream, or total return spending distributions, supports scholarships, chairs, professorships, basic research, as well as academic and public service programs, as defined by the individual endowment agreements. The Endowment is expected to provide fiscal stability since the principal is invested for long‐term growth and total return spending distributions are generated year after year. Kentucky State University has a fiduciary responsibility to prudently manage and preserve the long‐term purchasing power of the Endowment, as well as the individual endowment funds, in order to evenly support present and future beneficiaries.