SLED Opportunity · CALIFORNIA · CITY OF HERMOSA BEACH
AI Summary
City of Hermosa Beach seeks qualified firms for on-call Broker/Dealer Services to manage a $40-$55 million investment portfolio, ensuring compliance with updated 2025 Investment Policy and applicable regulations.
The City of Hermosa Beach (“City”) is seeking Statements of Qualifications from qualified individuals or firms (“Consultant”) to provide on-call Broker/Dealer Services. The City is a General Law city, operating under the council-manager form of government. The City manages an investment portfolio ranging in size from $40 – 55 million. The portfolio is mainly comprised of Treasuries, Negotiable CDs and deposits in the State of California Local Agency Investment Fund (LAIF). Please visit https://www.hermosabeach.gov/our-government/city-officials/city-treasurer to view the City’s latest Investment Report.The City annually adopts a written Investment Policy, which regulates the standards and procedures used in its cash management activities. A copy of the City's Investment Policy (updated in 2025) is provided with this document. Each broker/dealer must certify that they have read the Policy and will incorporate due diligence in conforming to the provisions of the City's Investment Policy, as well as all applicable State and Federal regulations as they apply to the investment activities of California municipalities. Pre-Bid Meeting Information: No Online Q&A: Yes Location Information: Department: City Clerk Address: 1315 Valley DriveSuite 203Hermosa Beach, California90254 County: Los Angeles
SLED stands for State, Local, and Education. These are solicitations issued by state governments, counties, cities, school districts, utilities, and higher education institutions — as opposed to federal agencies.
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