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Services:
Welcome to Butlers
Client
Satisfaction
Delivering a
Quality Service
Working in
Partnership with Butlers
Our Approach to
Treasury Management
Initial Financial
Appraisal
Local Government
Advice
Economic
Forecasting & Interest Rates
Debt Management
Counterparties &
Credit Worthiness
Internal
Investment
External
Investment
Training &
Seminars
Publications &
Website
Client
Satisfaction & Quality Assurance
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External
Investment
ü We
have very wide experience in the selection of fund managers best suited to
meet a client’s needs.
ü The fund manager monitoring service involves the
provision of regular, individual reports which facilitate the
dissemination of information to officers and members.
ü
Butlers also maintains a comprehensive statistical
database against which performances can be monitored.
The use of external fund managers has continued to grow in recent years.
Higher and more stable levels of surplus funds have allowed local
authorities to
enhance
their investment returns
over the medium term by using these types
of manager. Butlers has a wealth of experience in helping clients in the
selection and reselection of fund managers and also the monitoring of
their fund’s performance.
As with other aspects of the service, the key to the successful
appointment of a
fund
manager is dialogue. Through detailed initial discussions with
clients, the Butlers team will have a clear idea as to their position and
can then recommend an initial list of suitable managers. As part of the
initial process, Butlers will provide draft documents for the preliminary
stages of the tender process.
Butlers’ clients value a
hands-on approach to the (re)selection of managers. Fundamental to
this is the analysis of the manager responses. This produces a
reader-friendly document with a précis of each submission as well as
statistical analysis of elements such as performance and fee levels. A
member of the team will also be available to attend selection interviews
to provide independent guidance. Butlers will also review the appointed
fund manager’s formal mandate letter and proposed counterparty
arrangements.
The fund manager monitoring service is
wide
ranging and flexible enough to meet individual client’s particular
needs. Review timing ranges from quarterly to a full annual document. The
reports can form the basis of any required presentation to members. These
contain performance analysis relative both to the specified benchmark and
to the fund management industry.
The monitoring service encompasses our attendance at meetings between
clients and their fund managers. We will also make an assessment of their
annual strategy in light of our own economic forecasts. In addition, we
can provide
impartial advice on new instruments and management techniques that
may be proposed by external managers.
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