Your Lone Star team draws upon a broad universe of professional partners and associations to ensure that our products and services are responsive, efficient, and expertly run.
Administrator/distributor: First Public
As the Lone Star Investment Pool's administrator and distributor, First Public:
- Takes care of participant accounts and other administrative matters
- Works with investment advisors and consultants, custodian banks, lawyers, accountants, and other service partners
- Makes prospective investors aware of Lone Star's benefits
- Updates the Pool's Information Statement to ensure its continuing alignment with our Statement of Investment Policy.
The administrator is directed and overseen by the Lone Star Investment Pool Board.
First Public is a registered broker-dealer with the Securities and Exchange Commission, Financial Industry Regulatory Authority, and the Municipal Securities Rulemaking Board.
Investment managers: American Beacon Advisors and Mellon Investments Corporation
American Beacon Advisors, Fort Worth, Texas, and Mellon Investment Corporation (Mellon), Pittsburgh, Pennsylvania, provide investment management services to the Pool regarding the investment and reinvestment of the Pool’s assets.
American Beacon Advisors (Investment Manager) manages over $70 billion of assets for thousands of corporate, public fund, and individual clients. American Beacon Advisors offers a wide range of liquidity-oriented, fixed-income strategies designed to meet specific risk parameters, return targets, liquidity needs, and investment guidelines.
Mellon Investments Corporation (Mellon) is a global multi-specialist investment manager with a full spectrum of research-driven solutions using both active and passive strategies. With $524.6 billion in assets under management as of June 30, 2019. Mellon serves a wide variety of institutional and intermediary clients located in over 29 countries and territories. Backed by quality research, a robust infrastructure and integrated systems and processes, Mellon’s investment disciplines include active equity, active fixed income, index, efficient beta, multi-asset and multi-factor investing. Mellon’s strategies are designed to meet growing client demand for more diversified, sophisticated investment solutions. Mellon’s aim is to be a key partner for their clients by delivering customized investment outcomes and best-in-class service. Mellon is a wholly owned subsidiary of BNY Mellon.
Where applicable, assets include discretionary and non-discretionary assets, the notional value of overlay strategies, and assets managed by investment personnel acting in their capacity as officers of affiliated entities.
Investment consultant: CAPTRUST Financial Advisors
CAPTRUST Financial Advisors is a company that provides us with independent and objective financial advice and fiduciary support. CAPTRUST monitors Lone Star's operations and performance, reports its findings to the administrator and the Pool's Board, and recommends ways to keep the Pool aligned with its objectives.
Custodian: State Street Bank
State Street Bank is responsible for holding in a separate account all investment securities and monies for the Pool, subject to our Statement of Investment Policy.
The Pool engages outside legal counsel on a range of legal issues, including financing transactions, agreements, bylaws and resolutions, securities law, and tax matters.
Independent auditor: RSM US
RSM US LLP, a full-service accounting firm located in Austin, conducts an annual audit of the Pool's financial statements.
In the area of education, we also work with the following distinguished organizations to ensure that we always remain responsive.
Texas Association of School Administrators (TASA)
Members of TASA include public school superintendents and administrators, education service center staff, college and university professors and students, and others interested in public education. TASA promotes quality in education leadership and student learning through training, conferences, customized services, and advocacy.
Texas Association of School Boards (TASB)
Created in 1949, this voluntary, nonprofit, statewide organization serves local school districts in Texas and has a membership of more than 1,000 Texas public school districts and county school boards and more than 200 Texas junior colleges, appraisal boards, cooperatives, and education service centers. TASB promotes educational excellence for Texas schoolchildren through advocacy, visionary leadership, and high-quality services to school districts.