Finance and Audit Committee
Substitute
July 2, 2007
IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI
Title
A RESOLUTION authorizing the Director of the Department of Finance to execute contracts with and make payments to certain vendors providing services relating to the Jackson County, Missouri Employees Pension Plan.
Intro
RESOLUTION # 16294, May 14, 2007
INTRODUCED BY Scott Burnett, County Legislator
Body
WHEREAS, the Jackson County, Missouri Employees Pension Plan (the Plan) has a need for professional investment management advice and services; and,
WHEREAS, the Pension Plan Administration Committee (the Committee) has recommended that the following investment advisers and managers be retained, for the periods indicated:
Vendor Services Amount Period
Asset Consulting Investment Consulting $15,000/quarter 10/01/05 - 12/31/07
Group, Inc.
St. Louis, MO
Hotchkiss and Wiley Investment Management varying percentage 04/01/06 - 12/31/07
Capital Management, of asset value
LLC (avg. $43,000/quarter)
Los Angeles, CA
Enhanced Investment Management varying percentage 04/01/06 - 12/31/07
Investment Technologies, of asset value
LLC (avg. $31,000/quarter)
Palm Beach Gardens, FL
and,
WHEREAS, the execution of the contracts and the payment of the fees referenced in this Resolution are in the best interests of the health, welfare, and safety of the citizens of Jackson County; now therefore,
BE IT RESOLVED by the County Legislature of Jackson County, Missouri, that the Director of the Department of Finance and Purchasing, as Chair of the Pension Plan Administration Committee, be and hereby is authorized to execute contracts with Asset Consulting Group, Inc., Hotchkiss and Wiley Capital Management, LLC, and Enhan...
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