Subject
title
Amendment to Agreements for Investment Management Services
overview
Overview
On January 8, 2018, the Orange County Transportation Authority Board of Directors approved agreements with Chandler Asset Management, Inc., MetLife Investment Management, LLC, Payden & Rygel, and U.S. Bancorp Asset Management, Inc., formerly known as PFM Asset Management, LLC, to provide investment management services for the Orange County Transportation Authority's investment portfolio. These agreements are for a five-year initial term with two, two-year option terms. Board of Directors' approval is requested to exercise the second option term of each agreement.
recommendation
Recommendation(s)
A. Authorize the Chief Executive Officer to negotiate and execute Amendment No. 2 to Agreement No. C-7-1813 between the Orange County Transportation Authority and Chandler Asset Management, Inc., to exercise the second option term to continue providing investment management services effective April 1, 2025 through March 31, 2027.
B. Authorize the Chief Executive Officer to negotiate and execute Amendment No. 2 to Agreement No. C-7-2062 between the Orange County Transportation Authority and MetLife Investment Management, LLC, to exercise the second option term to continue providing investment management services effective April 1, 2025 through March 31, 2027.
C. Authorize the Chief Executive Officer to negotiate and execute Amendment No. 3 to Agreement No. C-7-2063 between the Orange County Transportation Authority and Payden & Rygel, to exercise the second option term to continue providing investment management services effective April 1, 2025 through March 31, 2027.
D. Authorize the Chief Executive Officer to negotiate and execute Amendment No. 3 to Agreement No. C-7-2064 between the Orange County Transportation Authority and U.S. Bancorp Asset Management, Inc., formerly known as PFM Asset Management, LLC, to exercise the second option term to continue providing investmen...
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