Domestic Equity Brokerage Program
|The Office of the Treasurer has a Domestic Equity
Brokerage Program aimed at keeping more of the Treasury's brokerage
business in Connecticut, and providing women and minority owned
firms and firms new to the industry a greater opportunity to earn a
share of the Treasury's business. This initiative has been endorsed
by the state's Investment Advisory Council.
encourages domestic equity portfolio managers to allocate 30 percent
of brokerage commissions to Connecticut-based broker-dealers; 25
percent to minority broker-dealers and/or women broker-dealers; and
5 percent to emerging broker-dealers.
The Office of the
Treasurer does not direct investment managers to do business with
any particular firm, nor will it select brokerage firms. Trading
decisions will continue to be made by investment managers.
Brokers wishing to participate in the Domestic Equity Brokerage
Program may contact the Funds' portfolio managers directly.