1) Review of the Board’s existing asset allocation and strategy. 2) Review of the Board’s existing investment objectives and philosophy, insuring annual updates where necessary. 3) Monthly review of investment managers for: a) Performance monitoring; compliance with all statutory and PERAC regulatory provisions; b) Compliance with the Board’s objectives and philosophy c) Compliance with the Board’s agreement with the manager(s) 4) Prepare recommendations, as required by the Board, for a methodology for the reduction of fees and charges associated with investments and investment related issues, where appropriate. 5) Provide information and interpretation of new and pending legislation on any and all public pension fund issues and submit a report to the Board of the impact of such legislation to the system and its members. 6) Present financial performance of the system to the Board on a monthly basis as well as other Committees or Boards as directed. 7) If it is determined that a search for an investment manager is required, your firm shall do the following 1) assist the Board with the preparation of a request for proposal, 2) evaluate all proposals received and review the evaluations with the Board, 3) prepare any additional summaries or reviews as may be required by the Board for those firms the Board may elect to interview, 4) assist the Board with the preparation of documentation as required by PERAC, and 5) provide necessary reporting to PERAC to insure compliance with MGL Chapter 32, § 23B. 8) Provide other services that may be required relative to the Board’s management of its investment managers and the compliance with all laws and regulations governing the Board.
