The objective of this Agreement is to secure the services of an Investment Manager who will act in a fiduciary capacity for the District, providing investment management services described herein. Specific responsibilities of Investment Manager will include, but not be limited to the following: 1. Execute purchases and sales of securities with broker/dealers in accordance with the laws of the State of Florida, the District’s Investment Policy and District directives. 2. Provide monthly reports on investment activities, earnings, the value of the portfolio holdings, and projected portfolio cash flows. These reports must include a market-to-market valuation and other information needed for the District to report investment holdings under GASB 31 and 59. Investment Manager must maintain accurate reports of investments including the diversity of investments and compliance with the District’s investment policy and the laws of the State of Florida. 3. Provide quarterly and annual investment reports including, but not limited to, a description of market conditions, investment strategies employed, performance and suggested changes to investment strategy and any other information the Governing Board or District staff leadership may deem necessary for the investment of the District’s funds. Reports on investment performance must be provided on a total return basis and compared to established benchmarks. The quarterly reports will be provided for quarters ended March 31, June 30, September 30, and December 31. Annual reports shall be based on the calendar year ended December 31...
