Public agencies face increasing pressure to ensure that taxpayer funds and pension assets are managed with the highest levels of transparency, accountability, and fiduciary care. Given the complexities of modern investment strategies, it is essential that public agencies move beyond a singular focus on cost reduction and instead adopt a more comprehensive evaluation framework.
This paper was created by Chandler to highlight the importance of GIPS compliance, independent verification, and risk-adjusted investment performance in the selection of investment managers. By implementing a holistic approach, public agencies can mitigate risks, enhance performance outcomes, and fulfill their fiduciary obligations more effectively.