Treasury investment professionals handle cash management and short-term investing; however, for longer-term investment portfolios, Treasury uses the services of external investment managers.
These firms manage their assigned portfolios subject to oversight by Treasury’s Investment Committee and financial advisors. Specific duties include:
Discretionary investment management (decisions to buy, sell, or hold individual securities);
Submit investment performance reports;
Notify Treasury of any significant external factors, such as major changes in economic outlook or capital market trends, that may affect the investment portfolio; and
Notify the Deputy State Treasurer for Investments and the Investment Committee, in writing, when external events have caused the manager’s portfolio to include securities that are no longer consistent with the portfolio’s intended composition or discipline.
Treasury’s current investment managers:
Below is a list of Treasury’s current investment managers. Next to each manager is a link to its response to Treasury’s 2010 Due Diligence Questionnaire, a new survey developed by Treasurer McCord to capture and disclose the diversity and sustainability policies and practices used by investment managers.
Potential investment managers:
Treasury encourages qualified firms to apply to become an investment manager for Treasury by completing and submitting the industry-standard PSN application.
In order to be considered, all managers must submit their product data and performance history to the PSN database by sending an e-mail to PSNdata@informais.com with the following information:
Name of the investment management firm
Address
Name of the data contact who will be responsible for submitting the required information and communicating with Informa Investment Solutions (IIS) on any data issues
