The Treasury Department issued an RFI for an investment consultant to help the agency administer TARP assets, according to an announcement today on the federal governments business opportunities website, http://www.fbo.gov.
Applicants cant have conflicts of interest with asset managers, should have an active manager database and a research staff, and possess an up-to-date national database on asset managers, according to the RFI. Finally, the firm must be a registered investment adviser under the Investment Advisers Act of 1940.
The consultant selected will develop investment policies for the portfolios asset managers and help Treasury select the asset managers, the RFI says.
Based on the responses, the department in July will invite selected consultants to apply for a contract that will be good for up to five years.
For more information, contact Laurent E. Pichet, contracting officer, at [email protected], or 202-622-6431.