Specifications include, but are not limited to: A. The Firm shall act as the City’s fiduciary, responsible for providing investment services to the City for such funds as may be designated by the City. B. The Firm will separately assign managers (Managers) to the Fixed Income and Equity portions of the engagement. C. The Firm Managers will manage and invest the fund’s assets in compliance with the City’s investment policies. Investment policies will be adhered to without exception. The performance of the Managers will be measured against such benchmarks designated by the FGC. D. The Firm Managers will periodically reassess the Fund’s investments and the City’s investment policies and make recommendations for changes to the Fund’s investments and the City’s investment policies to achieve the City’s goals. The Managers will work with the PFRB to implement any approved changes. The Managers may be asked to provide input in the development of ordinances involving the City’s investment policies.
