Title
Continuation of Bloomberg Agreement
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FileID
File ID: 2025-00431
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Location
Location: Citywide
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Recommendation
Recommendation: Adopt a Resolution approving the continuation of Bloomberg Agreement for Fiscal Year 2025-2026.
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Contact
Contact: Patrick Zalasky, Senior Investment Officer, (916) 808-5832, pzalasky@cityofsacramento.org, City Treasurer's Office
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Presenter
Presenter: Patrick Zalasky, Senior Investment Officer, (916) 808-5832, pzalasky@cityofsacramento.org, City Treasurer's Office
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Attachments
Attachments:
1-Description/Analysis
2-Staff Report - Bloomberg Agreement
3-AIFM Resolution - Bloomberg Agreement
4-Bloomberg Agreement
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Additional Description/Analysis
IssueDetail
Issue Detail: The Sacramento City Treasurer's Office utilizes the services, data and equipment of Bloomberg L.P. ("Bloomberg") to support the investment of City of Sacramento's pooled funds and the Sacramento City Employees' Retirement System's ("SCERS's") assets, under Bloomberg Agreement number 36185 ("Bloomberg Agreement"), attached as Exhibit 1 to the accompanying resolution. Effective July 1, 2016, the Bloomberg Agreement was transferred from the City of Sacramento to SCERS pursuant to a Memorandum of Understanding, dated as of May 23, 2016 ("MOU"), that was approved by the Sacramento City Council under City resolution number 2016-0296 and by the Administration, Investment and Fiscal Management Board (the "Board") under resolution number 2016-005. These resolutions and the MOU provide that the Bloomberg Agreement may continue in effect for each fiscal year provided that, prior to May 31 of each year, (1) the City Treasurer, acting on behalf of the City, does not notify the Board that the City desires to discontinue the agreement and (2) the Board reviews the agreement and determines to continue the agreement. On behalf of the City, the City Treasurer has indicated the City consents to the continuation of the agreement for F...
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