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Who oversees Michigan CLASS?

April 26, 2017class Michigan oversees

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Who oversees Michigan CLASS?

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Investments made on behalf of the Participants are subject to the overall direction of the program’s Board of Trustees, which consists of eleven Trustees serving on behalf of the Participants for staggered terms. The Board of Trustees approves the program’s investment parameters, which must additionally fall within the investment stipulations mandated under Michigan statute for the investment of surplus funds of the Participants. The Board of Trustees has entered into an investment advisory agreement with Cutwater Investor Services Corp., which is responsible to the Board for all program investment and administrative activities and services provided on behalf of the Participants. More information is available on About Michigan CLASS.