The Centre for Fiduciary Excellence (CEFEX) has certified the investment fiduciary practices of the Gun Lake Tribe of Shelbyville as adhering to a global standard of excellence for Investment Stewards.

 

The Gun Lake Tribe is the first federally recognized Indian Tribe to successfully complete the independent CEFEX certification process, obtaining its certification in partnership with Sovereign Investment Advisors, LLC (SIA) who serves as the Tribe’s independent investment advisor.

 

“As Tribal leaders we are required to serve as fiduciaries to ensure that we make decisions that are in the best interests of our membership. This certification from CEFEX demonstrates to everyone that we are conforming to a strict set of best practices in the management of our investment portfolios. We are proud of our financial discipline and we are honored to be the first Sovereign Nation to earn this distinction,” Gun Lake Tribal Chairman Bob Peters said.

 

The CEFEX standard of excellence for Investment Stewards is based on 21 fiduciary practices that seek to increase long-term investment performance by diversifying the portfolio across multiple asset classes and peer groups, evaluating investment management fees and expenses, and selecting or terminating investment managers.

The practices also help uncover investment and/or procedural risk.

 

A full copy of the standard is available at www.fi360.com.