This listing includes every organisation I hold been able to locate that is directly tied to the AL Prepaid Affordable College Tuition Fund. I 'm not seeking to name all the duties of each organisation here. Only explicating the relationships between them.
The AL Law-makers
Makes the Treaty progrgram by passing AL Codification Subdivision 16-33C ( pdf
) into jurisprudence into 1989. The jurisprudence holds been amended several times since so, notably in 2001
The Treaty Board of Trustees
Launched by the statute to supervise Accord. Chaired by the Province Treasurer, who holds obligation for the day-by-day disposal of the fund. The board takes the custodian, records administrator, consultant, and directors named below by advertisement postulations for proposals and following the province procedure bid/proposal procedure.
The Custodian
Bank of New York Mellon. Maintains the fund 's pluses and holds dealings records of trades.
The Records Administrator
HDI Solutions of Auburn, Al Maintains story info records of minutes between contract holders and the fund.
The Investment adviser
Callan Associates. Helps the Board of Trustees in the choice of investing directors and supplies investing counsel.
The Investing Managers
( Investing Policy pdf,
appendix B, beginning on phosphorus 13. )
Rhumbline - Russell 1000
Cesium McKee - Large Cap Value Equity
Intech - Large Cap Development Equity
Earnest Partners - Small Cap Value Equity
Turner Investing Partners - Small Cap Maturation Equity
Acadian Plus Direction - International Equity
Principal Global - International Equity
Western Plus Direction - Nucleus Asset Fixed Income
Sterne Agee - Passive Fixed Income ( named in the Q & Angstrom pdf
on the Functionary Accord site, but not named in the investing policy. This was firstly mentioned by Havealittletalk
Tenth manager? I 've seen at least one mention to ten directors otherwise the one Havealittletalk notes, and I will observe it when I locate it again. I am not sure whether this is an mistake, or whether we should be enquire about a one-tenth director.
There are likewise:
Province Exchequer staff who work on Accord
An Statistician
An Auditing House
Board of Examiners ' Studies
Next
This is simply a skeleton. I hold very much of info that I 've picked upward from public papers pages and pages of links to organise.
My following measure is to set up a timeline from 1995-present. Things you will see thereon timeline:
1. Amendments to the jurisprudence that maked Accord, and the transition of other jurisprudences that might be relevant.
2. Hirings/Firings, including the ones havealittletalknotes , and more that I hold located.
3. Activities of the directors and steward, to the extent they can be found, during that clip, that might hold some bearing on the situation.
4. Documented statements from public functionaries.
5. Any relevant info I can reap from these papers ( all pdfs ), which I propose you archive by utilise the File/Save Page As bidding.
2004 Financial Statements
2005 Financial Statements
2006 Financial Statements
and Actuarial Report
2007 Financial Statements
and Actuarial Report
2008 Financial Statements
and Actuarial Report
I hold a couple of other odds and terminals, excessively. I hold stacked upward quite spot of info from fragments here and there. Forming, archiving, and getting it into clear formatting it is slow travelling.
I believe I can add quite an spot to our cognition of some of the issues Havealittletalk is continuing to bring to light , and to our noesis of some of these private houses.
I am following the coverage
of other news
and the development of Save Alabama PACT
with great involvement. I am pressed for clip this hebdomad, but I will proceed to blog this at Correntewire
, to update my PACT Project page, and to offer inputs as I am able to make so.
Cross-Posted at Left in Alabama