Louisiana Administrative Code
Title 71 - TREASURY-PUBLIC FUNDS
Part I - Public Funds Investments
Chapter 1 - Education Quality Trust Fund Investment Procedures
Section I-117 - Investment Consultants

Universal Citation: LA Admin Code I-117

Current through Register Vol. 50, No. 3, March 20, 2024

A. Method of Selection. Should the state treasurer retain the services of an investment consultant, the treasurer shall choose a firm or individual to serve as an investment consultant for the LEQTF in accordance with all applicable Louisiana laws and rules regarding the process of choosing and contracting with professionals and consultants.

B. Minimum Criteria. Any investment consultant chosen must have at least five years of experience consulting accounts with assets greater than $250 million as well as experience conducting investment manager searches and performance measurement for public funds with total assets greater than $250 million.

C. Payment of Fees. Investment consultants shall be paid in arrears on a quarterly basis. All consulting fees shall be paid from the assets of the Support Fund.

D. Disclosure of Affiliations. Any consultant who is a broker/dealer or affiliated with a broker/dealer or investment manager must disclose the nature of the relationship. The investment consultant shall not receive compensation of any kind from any investment manager contracted by the state treasurer for management of the LEQTF.

AUTHORITY NOTE: Promulgated in accordance with R.S. 17:3802(C)(4).

Disclaimer: These regulations may not be the most recent version. Louisiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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