Posted in the Flagstaff Forum
Since: May 11
Kykotsmovi, Ariz.– The Hopi Tribe has issued a request for proposals (RFP) for independent professional investment management services.
The RFP, along with the Hopi Tribe’s Investment Policy Objectives and Guidelines, are available at www.hopi-nsn.gov . Proposals are due July 22, 2011.
Specifically, the tribe is seeking a firm to manage the tribe’s fund assets in accordance with the Investment Policy Objectives and Guidelines of the Hoi Tribe. It includes working closely with the tribe’s treasurer and regular dialogue with the tribal council.
Firms owned by the Native Americans will receive preferential consideration, but it is not a requirement for submission.
Hopi Tribe Chairman LeRoy N. Shingoitewa said this is just another step in the right direction regarding the tribe’s fiscal management and accountability.
“We are making progress in reforming some of our governmental procedures, particularly in the budgeting and financial management areas,” Shingtoitewa said.“We are moving toward higher accountability and reporting levels and the process of evaluating and selecting an investment management firm is an example of that.”
The evaluation and selection process is expected to take several weeks once the proposals are submitted.
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