|
• Performance measurement is our core business
• Both Investment Managers’ and Total Fund performance are analyzed and compared to appropriate benchmarks
• Review and/or draft of Investment Policy Statement is based on Risk Tolerances and Investment Objectives
• Develop and review Asset Allocation parameters
• Review risk/return parameters, attribution analysis, and historical returns
• Attend quarterly client meetings
• All performance data is reconciled to the Plan Sponsor’s custodian bank on a monthly basis. Each individual manager’s performance is calculated using true time weighted return formulas and reported net of fees
• A total fund composite is developed using the fund’s separate portfolios and performance is calculated using the asset-weighted return of each investment manager
• Each Trustee is provided a monthly performance update and a representative of PFE will meet with the Board quarterly
|
|