Board Terminates Great Lakes Equity Mandate
City of SouthfieldCity · Southfield, MI- Disclosed value
- Approximately $1,300,000 in assets
- From meeting minutes
- Document date
- Nov 16, 2021
The 30-second brief
The Southfield Employee Retirement System voted to terminate Great Lakes Advisors’ equity mandate and reallocate its portfolio to other managers and cash. This decision followed continued underperformance concerns highlighted by the investment consultant.
Great Lakes Advisors holds this financial services contract with City of Southfield. Its other public contracts on record include work for City of Falls Church and Glenview Park District.
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Contract details
- Contract type
- Financial Services
- Amount
- Approximately $1,300,000 in assets
- Document date
- November 16, 2021
- Vendor
- Great Lakes Advisors
- Agency
- City of Southfield
- Source document
- city-of-southfield-meeting-minutes-2021-11-16_529.pdf (Meeting Minutes)
Great Lakes Advisors's other public contracts
More City of Southfield contracts
Questions about this contract
Who was awarded the financial services contract by City of Southfield?
Great Lakes Advisors was awarded this financial services contract by City of Southfield, as recorded on November 16, 2021. The contract value is Approximately $1,300,000 in assets.
How much is the Great Lakes Advisors contract with City of Southfield worth?
The Great Lakes Advisors contract with City of Southfield is valued at Approximately $1,300,000 in assets, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a meeting minutes record.
Where was this contract approved?
This contract appears in city-of-southfield-meeting-minutes-2021-11-16_529.pdf (Meeting Minutes), dated November 16, 2021 from City of Southfield. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Great Lakes Advisors hold?
Great Lakes Advisors may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Southfield currently buying?
Explore City of Southfield's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.