Where’s Ryan Contest Results
Per last week’s bulletin, we have completed the first of our new quarterly installment competitions – “Where’s Ryan Berry”. We received several correct responses and drew for the winner at the end of the day on Friday. And now, a drumroll please….
The Answer: Spencer, Iowa
The Winner: Linda Hildreth with Waverly Shell Rock CSD
This lucky winner will receive a gift of local interest. We look forward to the next round in August. Until then, please see our monthly newsletters for economic commentary. If you have any questions, contact us at 866-720-2995.
The Education Liquidity Fund…. TELF
NEW NAME AND LOOK,
SAME GREAT SERVICE AND INVESTMENT EXPERTISE
You’ve commented, and we’ve listened!
Per participant feedback, we have formally changed our name from IPASeducation to The Education Liquidity Fund, or “TELF”. Our goal was to find a name that better describes the program and what it offers our Iowa educational institutions, and we think we’ve found it.
Miles Capital has been managing collective funds for public bodies longer than anyone. We have ensured that, through the name change, all of the details and services that you have come to expect from us, the program, and the underlying SEC-registered investment fund (IMMF) will remain the same. Our online service, our experienced service professionals, our continuous efforts to provide a competitively yielding investment vehicle will all be unchanged.
As always, if you have questions, please feel free to contact us!
Quarterly Investment Review
Market volatility pushed investors to the edge during the quarter as they try to craft a strategy around shifting political winds and evolving central bank policies. Fundamentals have taken a back seat, and fear is front and center.
Read our October 2011 Newsletter for the full Investment Commentary.
Better yet, it’s like having an online checking account!
With Vendor Pay from TELF, you enjoy the convenience, immediacy and money-saving efficiency of online cash management. State funds can be received electronically – and put to work on day one. You can pay vendors electronically and be assured that payments are properly identified and credited, since detailed payment reports are emailed to your vendors whenever a payment is made. You’ll also save money, since the cost of online transactions can be significantly less than the cost of writing paper checks.
An investment solution for Iowa schools.
Built on the proven IPASonline engine.
The Education Liquidity Fund is an investment program managed in compliance with Iowa Code Section 12B.10 and supported by 13 investment professionals and staff with years of experience in serving both the cash and asset management needs of Iowa schools. We understand the challenges school districts face in today’s economic environment, and we’ve designed this program to deliver safety and liquidity in an efficient, compliant and well-administered package.
Created by Miles Capital,* an Iowa company with a long
and successful history of service to Iowa schools
and public agencies.
Since 1986, Miles Capital, has provided public funds investment advisory and administration services for hundreds of school districts, counties, municipalities, municipal utilities and other political subdivisions across the Midwest. We are a SEC-registered investment advisor with highly developed, participant-focused services and administrative procedures.
The Education Liquidity Fund brings back everything you loved about IPASonline
– and more!
IPASonline was originally created by Miles Capital, to serve the needs of Iowa schools and public agencies. We have continued to refine this resource through the years – developing new reports, tools and utilities designed to satisfy the changing needs of participants.
- Experience the ease and efficiency of the IPASonline interface —it’s right at your fingertips, 24/7!
- Enjoy same day access to daily confirmations and monthly statements.
- Save time by scheduling future date transactions (both deposits and payments) with a few simple keystrokes.
- Take advantage of unlimited sub-accounting.
- Upload data directly to your school district’s accounting system.
For additional information, call us toll-free at 866-720-2995. Or visit the contact page of this website.
*Formerly WB Capital Management Inc.