American Federation of Musicians and Employers Pension Fund

IFS is assisting ERISA plans in developing and implementing policies for identifying, monitoring and participating in securities class actions to recover losses resulting from fraud and other violations of law. IFS assisted the American Federation of Musicians and Employers Pension Fund in developing a securities class action litigation policy, and protocols for implementing the policy. After the Trustees adopted the policy, IFS developed and circulated a request for proposals from law firms to serve as legal counsel to monitor the Fund’s portfolio for potential claims, and advise the Fund on pursuing potentially meritorious claims. IFS evaluated the responses, selected finalists and assisted the Trustees in their decision to engage a firm for that purpose. IFS is working on a similar project for the AFTRA Health and Retirement Funds.