The League of Minnesota Cities (LMC) is requesting proposals for consulting services related to a review of its local government investment pool (LGIP) known as the 4M Fund. Currently 4M Fund assets total approximately $1.75 billion and serve 450 local government entities in Minnesota. The goals of the analysis include: ensuring members are receiving the best possible service from its administrator/investment advisor, custodian/banking partner, and the LMC; benchmarking yield, fees, and other common metrics as determined by LMC and the consultant to evaluate performance of the various products of the 4M Fund; highlighting other options for enhancement of products; and establishing a schedule for periodically evaluating vendor relationships.
