Trust RFP 25-002M Asset Allocation, Management, and Spending Study

The Alaska Mental Health Trust Authority is seeking proposals from qualified firms to conduct a comprehensive strategic review of its asset investment policies. The scope of work includes recommending an updated asset allocation plan for all discretionary Trust assets, evaluating and providing guidance on the Asset Management Policy (AMPS), and assessing the appropriateness of the Trust’s current spending rate. Additionally, the review will analyze historical investment performance, including the standard deviation of various asset classes such as commercial real estate and land investments, and examine Reserve policies and inflation-proofing calculations. The goal is to develop actionable recommendations to assist trustees in fulfilling their fiduciary responsibilities effectively. Proposals must be submitted by June 11, 2024, at 1:30 P.M. Alaska Time, with late submissions disqualified. A pre-proposal conference is scheduled for May 28, 2024, at 1:00 P.M., conducted virtually via Microsoft Teams, providing an opportunity for interested parties to clarify details. The contract, valued between $50,000 and $200,000, is managed by the Alaska Department of Revenue, and interested firms can access the full RFP and submission forms through the provided online link. The project aims to enhance the Trust’s investment strategies and ensure sound financial management aligned with its fiduciary duties.