Brokerage Program

The Office of the Treasurer has a Brokerage Program, which seeks to ensure that a wide array of broker-dealers have opportunity to provide services to the CRPTF.  The Treasurer encourages investment managers who provide services to CRPTF to use broker-dealers that are owned and actively managed by minorities, women, veterans, or persons with disabilities, or who identifies as LGBTQ+, as well as Connecticut-based (defined as headquartered in the State of Connecticut, or having greater than 500 employees employed in its office(s) in the State of Connecticut ("Qualified Broker-Dealers").  

The initiative encourages Domestic Equity Portfolio managers to target 40 percent of brokerage commissions to Qualified Broker-Dealers, Developed Market International stock managers to target 20 percent of brokerage commissions to Qualified Broker-Dealers, Emerging Market International stock managers to target 5 percent of brokerage commissions to Qualified Broker-Dealers, and Core Fixed Income managers to target 20 percent of brokerage commissions to Qualified Broker-Dealers.

The Treasury 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 Brokerage Program may contact the Funds' portfolio managers directly.

To read the program guidelines, Click Here. 

 

To view a list of the portfolio managers for the Connecticut Retirement Plans and Trust Funds, Click Here.