Bailout

Treasury "Moving Quickly but Methodically"

By Admin

Chicago-based Investment Consulting Firm Ennis Knupp and Associates becomes the first private sector company to receive part of the $750 Billion Emergency Stabilization Fund in the form of a $2.5 Million one year advisory contract. Ennis Knupp was hired to assist the US Treasury Department evaluate potential asset managers and other vendors as well as develop and maintain investment policies, to assist with oversight of the multiple asset managers that will be hired. Ennis Knupp will likely play a key role in determining asset allocations for managers and evaluating their performance. The firm, which prides itself on it’s “independence”, is also charged with identifying conflicts of interest.

As if to underscore the transparency with which Treasury has promised to executed Tarp, the press released emphasized the availability for public viewing of Ennis Knupp’s contract contract.

Want to win some of Tarp’s businesses? Find Reguests for Proposals on the Federal Business Opportunities website and on the Federal Procurement Data System.

Full post as published by Bailout Report on October 13, 2008 (boomark / email).