Investment Philosophy

Our Investment Philosophy, outlined in our Investment Policy Statement (IPS), is designed to provide guidance and a framework to PRB’s investment committee and assist in the effective supervision and management of the investment process.

The Investment Policy Statement clearly defines the roles and responsibilities of our Investment Committee to provide reasonable care and establishment of a plan in regards to the selection of investment options within our portfolios.

The following provides a framework for the criteria on which the Investment Committee evaluates the investment options:

  • Fees and Expenses  
  • Rebalancing
  • Manager Evaluation
  • Benchmarking
  • Watch List Review
  • Strategic Investment Strategies
  • Tactical Investment Strategies·      
  • Risk vs Return
  • Investment Constraints
  • Tax Consideration

Our Investment Committee has a fiduciary responsibility in overseeing the due diligence of the investment process and implementation of the Investment Policy Statement (IPS).