Finance and Audit
Committee Substitute
January 14, 2008
IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI
Title
A RESOLUTION authorizing the Chief Administrative Officer to execute extensions to the contracts with Asset Consulting Group, Inc., of St. Louis, MO, Hotchkiss and Wiley Capital Management, LLC of Los Angeles, CA, and Enhanced Investment Technologies, LLC of Palm Beach Garden, FL.
Intro
RESOLUTION #16494, January 7, 2008
INTRODUCED BY Scott Burnett, County Legislator
Body
WHEREAS, by Resolution 16294, dated May 14, 2007, the Legislature did authorize contracts with the following vendors to provide the specified services in connection with the Jackson County Employees' Pension Plan, all for the period ending December 31, 2007:
Vendor Services Cost
Asset Consulting Investment Consulting $15,000/quarter
Group, Inc.
St. Louis, MO
Hotchkiss and Wiley Investment Management varying percentage
Capital Management, of asset
LLC value/month
Los Angeles, CA (avg. $43,000/quarter)
Enhanced Investment Management varying percentage
Investment Technologies, of asset
LLC value/quarter
Palm Beach Gardens, FL (avg. $31,000/quarter)
and,
WHEREAS, since the award of these contracts, the Director of Finance and Purchasing have solicited proposals via Request For Proposals 34-07, for the furnishing of investment advisor services for 2008 and beyond; and
WHEREAS, an evaluation committee has reviewed the proposals received in response to RFP 34-07, interviewed the four firms deemed most qualified, and has made a recommendation will be presented to the Legislature in due course; and,
WHEREAS, the investment advisor ultimately selected pursuant to RFP 34-07 will be tasked with seeking out and recommending new investment managers; and:
WHEREAS, pending the adoption of a resolution awarding a contract on RFP 34-07, it is approp...
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