Investment Management
Professional & Consulting Services. Managing over $20 billion in investments is a big undertaking—one that takes extensive knowledge and specialized experience. This is why IPERS uses the services of investment consulting firms and securities litigation monitoring attorneys to assist the Investment Board and IPERS administration in carrying out their fiduciary duties. Contracts for these positions are awarded following competitive procurement processes in accordance with state law.
Information on other professional consulting services, including IPERS’ actuary, is located in IPERS Central.
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INVESTMENT
CONSULTING
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Wilshire Associates Inc.
Santa Monica, CA (General)
The Townsend Group
Cleveland, OH (Real Estate)
Responsibilities:
- Prepare asset allocation studies for IPERS.
- Review the performance of the IPERS Trust Fund.
- Assist in the screening and selection of investment managers.
- Provide support in the development and implementation of IPERS’ investment goals, objectives, and policies.
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| SECURITIES LITIGATION MONITORING |
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Barrack, Rodos & Bacine
Philadelphia, PA
Bernstein, Liebhard & Lifshitz, LLP
New York, NY
Cohen, Milstein, Hausfeld & Toll, PLLC
Washington, DC
Responsibilities:
- Monitor security class-action litigation globally.
- File claims against class-action settlements.
- Serve as counsel for IPERS when IPERS seeks to serve as lead plaintiff in federal or state court.
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MASTER
CUSTODIAN |
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The Bank of New York
New York, NY
State of Iowa Treasurer is custodian of the IPERS Trust Fund and has hired a master custodian bank to assist in the custody and recordkeeping of IPERS’ assets.
Responsibilities:
- Maintain safe custody of the assets owned by IPERS.
- Settle trades in accordance with instructions from the System.
- Collect in a timely manner the income due to IPERS.
- Administer a securities lending program for IPERS’ assets.
- Provide periodic reports summarizing the investment activity of IPERS’ assets.
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