MCG helps its clients develop a written statement of investment policy including plan objectives such as funding levels and risk tolerance. This policy statement also includes the implementation of that policy through a specific investment manager structure.

The manager structure portion of the policy statement describes the kinds of active and passive management desired as well as the objectives against which each is measured.

The development and maintenance of this policy is guided by the long-term objectives of the trustees, the financial condition of the plan as presented by the fund actuary, and appropriate federal and state laws.

Asset management of jointly trusteed funds is a dynamic, constantly changing field. MCG accepts the responsibility to keep trustees and their staff apprised of developments that can affect their investment program.

We believe it is our responsibility to inform trustees of new investment vehicles as they are developed and to make recommendations as to their appropriateness in the fund.