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SW-58199 - USA (Iowa) - Managed Account Platform Services - Deadline July 22,2022

Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID: SW-58199

Government Authority located in Iowa; USA based organization looking for expert vendor for managed account platform services.

[A] Budget: Looking for Proposals

[B] Scope of Service:

(1) Vendor needs to provide managed account platform services
- To hire a managed account platform provider to implement Liquid Absolute Return Strategies and Alternative Risk Premia programs
- Seeks Providers to implement a turn-key solution to support the administration and management of a diversified group of managers and an internally managed Alternative Risk Premia program as an overlay to the Fund
- currently utilizes 7 investment managers in this program and intends to use the services for its internal Alternative Risk Premia (ARP) program. The ARP portfolio will invest in systematic trading strategies through derivative contracts (swaps), with the objective of exhibiting low correlation to traditional asset classes
- A managed account platform provider is sought by IPERS to provide middle- and back-office services for these strategies
- Receive a copy of trade ticket electronically from investment managers and verify with the counterparties execution details
- Counterparty matching and processing
- Daily independent valuation of all derivative positions utilizing industry standard market pricing methods
- Daily position reconciliation with all involved entities
- Daily independent calculation of required collateral positions
- Verification of collateral positions and margin requirements with brokers and counterparties
- Capture and process daily trade activity and liaison with all involved entities
- Provide reconciled end of day profit and loss statements
- Calculate portfolio net asset value (daily soft and monthly hard NAV)
- Prepare monthly books, including but not limited to general ledgers, P&L schedules, commission schedules, etc.
- Receive and coordinate payment of expenses, fees etc.
- Prepare monthly detailed trial balances adjusted for accruals
- Calculate and record management fees, incentive fees, investment expenses, etc.
- Prepare schedules as needed for use by independent external auditors
- Track and report liquidity of underlying contracts/positions held in all accounts
- Coordinate communication and prepare ad-hoc reports to all stakeholders as needed
- Calculate individual account and aggregated performance statistics
- Deliver daily performance data and reports via electronic means
- Maintain database of positions and performance data for all managers and accounts
- Maintain database of daily returns by account and by individual position
- Provide aggregate portfolio-level exposure reporting for geographies, currencies, asset class or custom categories
- Provide a user interface for staff, managers and other authorized entities to view relevant information via a computer, tablet, phone, etc.
- Provide risk-reporting on all accounts on the managed platform to staff on a daily (t+1) basis.
(2) All the questions must be submitted no later than July 8, 2022.

[C] Eligibility:

Onshore (USA organization Only)

[D] Work Performance:

Performance of the work will be Offsite. Vendor needs to carry work in their office premises.

Expiry Date : Friday, 22 July, 2022

Question Answer Deadline : Friday, 8 July, 2022

Category : Software, System and Application

Country : USA

State : Iowa

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