Ban on Placement Agent Contacts

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In order to preclude the possibility of any monies or other consideration being paid to or for the benefit of any System Retirement Board member, employee or advisor in the guise of placement, finders or similar fees, the System has determined to ban System contact with placement agents, finders and similar intermediaries for the purpose of introducing a fund or external investment manager to the System or securing an investment by the System.

As a matter of policy, the System will not invest in any new fund or engage any investment manager in any new assignment where the fund or manager uses a placement agent or other intermediary for the purpose of interacting or communicating with the System to obtain an introduction of the fund or manager to the System or obtain the System's investment in the fund or engagement of the manager.

The full Placement Agent policy is found in our Investment Policy Manual.