Yes. Cable Car’s custodian can accept qualified pension trust accounts and Cable Car is a bonded ERISA fiduciary. One of Cable Car’s initial clients is a corporate pension plan.
Due to ERISA diversification requirements, Cable Car can either accept full discretion over a plan while agreeing to a directed mandate for a portion of the plan assets, or Cable Car may accept only a portion of the plan assets for management in its primary, concentrated strategy.
Posted in: Institutional allocators