Callahan CU Mutual Fund Renews Key Contracts
TRUST, a family of institutional mutual funds offered exclusively to credit unions, said it has renewed several key contracts.
The Callahan Credit Union Financial Services Limited Liability Partnership will continue to serve as administrator for TRUST.
As the original founder and long-time administrator of TRUST, this group of credit union executives also provides direct input regarding credit unions’ ongoing investment and strategic needs, according to Callahan & Associates.
Callahan Financial Services Inc., a registered broker/dealer and subsidiary of Callahan & Associates, will continue to serve as the TRUST’s distributor. This organization has been responsible for the marketing and sales of TRUST since the funds’ inception.
Goldman Sachs Asset Management will also remain as TRUST’s investment adviser. GSAM is the asset management arm of the Goldman Sachs Group Inc., which is among the world’s largest asset managers with $716.1 billion in assets under management as of June 30, 2012.
The Trust for Credit Unions is a family of institutional mutual funds offered exclusively to credit unions.