Specifications include, but are not limited to: oDevelopment of an Investment Policy Statement (“IPS”) – considering evaluation of existing holdings, review of the Funds short and long term liquidity needs, developing an appropriate asset allocation strategy, recommending appropriate investment managers and working with other professional advisors in addressing potential legal, trust or tax implications in connection with the development of the IPS. oMonitoring the performance of the account as a whole and each underlying investment manager and investment funds individually. oRecommending replacement of investment managers and investment funds where appropriate. oIdentifying, evaluating and recommending selection of additional or different investment manager and investment funds.