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Tender Details
- Country: Canada
- Summary: O-Cio & Asset Management Services (New Pooled Investment Fund)
- CAT Ref No: 52784028
- Deadline: 11 Jun 2021
- Competition: ICB
- Financier: Self Financed
- Purchaser Ownership: -
- Tender Value: Refer Document
- Notice Type: Tender
- Document Ref. No.: 2021-05-AA
- Purchaser's Detail :
- Description :
- Tender are invited for O-CIO & Asset Management Services (new Pooled Investment Fund)
Technical Services
Economic Analysis
Summary Details:
The Municipal Finance Authority of B.C. ("MFABC") is requesting Proposals from qualified institutional investment management firms or investment consulting firms for its new pooled Fund. The MFABC Diversified Multi-Asset Class Fund ("DMAC" or "Fund") will be a growth-oriented global multi-asset pooled fund that will be offered to British Columbia based local government investors in a unitized form. Assets will come from long-term reserves owned by B.C. local governments that have a time horizon of 10 years or more. At inception, we expect approximately $300 million CDN of investments into the DMAC, with the potential of additional investments of $250 million to $1 billion or more over the first 5 years of operation.
The DMAC will integrate Environmental, Social, and Governance (ESG) factors into the investment process. Asset classes and asset mix are intentionally not prescribed at present. Proponents are asked to provide recommendations on these areas as they design a portfolio to achieve the DMAC objectives. The successful proponent will also have a subsequent opportunity to refine the recommended portfolio in discussions with MFABC and provide input in the writing of the DMAC Statement of Investment Policy.
The Municipal Finance Authority of British Columbia (MFABC) was created in 1970 to contribute... - Documents :
Purchaser : MUNICIPAL FINANCE AUTHORITY OF BC
MFABC
Municipal Finance Authority of BC
217 - 3680 Uptown Blvd.
Victoria, British Columbia
V8Z 0B9
Email :rfp@mfa.bc.ca
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