SusitnAKAlaska Public Notices, Explained
Active Procurement / bid Procurement · Professional Services

Fixed Income Investment Manager

Department of Commerce, Community, and Economic Development · Notice #225693

What is this notice about?

The Alaska Industrial Development and Export Authority (AIDEA) is asking qualified investment management firms to send proposals to manage alternative fixed income investments for the Authority when needed. AIDEA plans to sign several open-ended contracts, but winning a contract does not guarantee a firm any money to manage or any payment. Proposals are due by 12:00am on November 20, 2026.

Why was this notice issued?

AIDEA issued Request for Proposals (RFP) AIDEA27-017 because it wants to hire outside firms to provide alternative fixed income investment management services on an as-needed basis.

What action is being taken?

AIDEA is seeking proposals to set up multiple Indefinite Delivery/Indefinite Quantity (IDIQ) contracts with qualified investment management firms. These are open-ended contracts where work is assigned only as needed. Firms must follow AIDEA's investment policies and the requirements in Section 2 of the RFP. Selected firms must be willing and able to trade within AIDEA's custody accounts at U.S. Bank and follow all custody, trading, settlement, reporting and operational rules. Strategies that require a different custodian or moving AIDEA assets to another custodian will not be accepted. No money will be assigned and no trading authority will be given until all required agreements and account paperwork are completed and approved by AIDEA. A contract award does not guarantee any amount of assets, work or pay.

Who is involved: Alaska Industrial Development and Export Authority (AIDEA), within the Department of Commerce, Community, and Economic Development; qualified investment management firms (offerors); U.S. Bank (AIDEA's custodian).

How can the public respond?

Respond by Fri, Nov 20, 2026 12 days from today.

“Deadline for Receipt of Proposals: 11/20/2026 12:00am (time zone not stated). Questions to AIDEA about the solicitation due 11/9/2026 2:00pm (time zone not stated).”

What to include

Reference RFP AIDEA27-017. The notice does not list how to submit proposals or questions; see the attached document "AIDEA27-017 RFP - Fixed Income Investment Manager.pdf" for submission instructions and requirements. Offerors must be able to trade within AIDEA's designated custody accounts at U.S. Bank.

Will there be public meetings?

The notice does not announce any public meeting or hearing.

Key dates

  • Oct 29, 2026: Notice published; RFP opens.
  • Nov 9, 2026: Deadline to send questions to AIDEA about the solicitation (2:00pm).
  • Nov 20, 2026: Deadline for receipt of proposals (12:00am).
  • Nov 21, 2026: Notice archive date.

Original notice text
The purpose of this RFP is to establish multiple Indefinite Delivery/Indefinite Quantity (IDIQ) contracts with qualified investment management firms to provide alternative fixed income investment management services to the Alaska Industrial Development and Export Authority (AIDEA/Authority) on an as-needed basis. Services shall be performed in accordance with the Authority’s investment policies and the requirements described in Section 2. As a condition of selection and any subsequent investment allocation, each successful Offeror must be willing and able to trade within the Authority's designated custody accounts maintained at U.S. Bank. Offerors must comply with all applicable custody, trading, settlement, reporting, and operational requirements established by AIDEA and its custodian. Investment strategies that require alternative custodial arrangements or the transfer of Authority assets to another custodian will not be accepted. No investment allocation or trading authority will be granted until all required agreements, account documentation, and operational arrangements have been completed and approved by AIDEA. Award of an IDIQ contract does not guarantee any Offeror an allocation of assets, minimum quantity of services, number of assignments, or amount of compensation.

This summary was written by an AI model (Claude) from the official notice text. This is general information, not legal advice. Always confirm deadlines and instructions in the official notice. Legal disclaimer.