Earlier this year, CSDA’s Endorsed Affiliate, CalTRUST, issued RFPs for custody, investment management, and fund accounting services. Following an extensive review process, the CalTRUST Board of Trustees took action to select providers for each of the services that were put to bid. The Board selected U.S. Bank to provide custody services, BlackRock Financial Management to provide investment management services, and NorthStar Financial Services Group, LLC/Gemini Fund Services to provide fund accounting and record keeping services. The transition to these new providers will be completed by August 1st. As part of the transition, a new website and logo will be launched as well.
CalTRUST continues to offer local agencies the same investment options, including Government Fund, Money Market Fund, and Short-Term and Medium-Term accounts. For information on available programs, call toll-free 833.CalTRUST (833.225.8787) or visit CalTRUST.org.