Treasury provides the Asset Consultant with a request/specification of Territory requirements in respect to investment manager(s) based on asset classes and required investment strategies. The Asset Consultant will provide a shortlist of recommended fund managers and/or investment products (as relevant).
Each recommendation must be supported with an analysis of the reasons for the recommendation. The types of matters that may be addressed in the analysis (noting the analysis will vary depending on the type of fund manager, product or structure being considered), include (but are not limited to):
•a summary of other fund managers and/or investment products considered and the reasons for their non-recommendation;
•an analysis of each fund manager’s skills and experience, including key issues such as business management, people, culture and environment, investment philosophy, investment processes, special attributes, and performance;
•the Asset Consultant’s ratings for the fund manager from its proprietary rating system;
•an analysis of the type of mandate (i.e. pooled trust, discrete, fund-of-funds, or combination thereof) and/or investment products offered by the fund manager;
•an analysis of the investment portfolio metrics with the inclusion of the recommended managers; and
•a preferred ranking of the shortlisted fund managers.