2021-07-22-RB-min - Laserfiche WebLink

Browse Search

numbers last month. Our positioning in the market right now is fine. Henry and Stephen feel there is no need to make any moves at this time. Chase Mazzariello and David Dali presented the Matthews Asia Pacific Tiger Fund update at 9:10 am. Chase went over the structure of the firm and notified the Board of some recent promotions. Two major promotions included InBok Song to portfolio manager and Winnie Chwang to co-manager. Both have extensive knowledge within their China Platform and Innovation Platform. Matthews Asia has surpassed thirty years of investing in Asia and currently holds$31.9b in Assets under Management. They utilize 42 investment professionals and over 150 employees to manage their AUM. Like most firms, Matthews struggled early last year as the Pandemic took its grip worldwide. Entering Q3 2020, they were back on track and gains were returning. Their Innovation Platform was a driver in the rebound from earlier struggles. Four of their top five holdings were all Information Technology and Communication services. Almost 50%of the portfolio is under the Innovation Platform,with 25%of it under Information Technology sectors. On-Line services has exploded within the past year due to pandemic fears. The presentation wrapped up at 9:40 am. Robert Cunha motioned to adjourn the meeting at 9:45 am,which was seconded by Joseph Foley, and unanimously approved by Carolyn Kosnoff and Fred Weiss. The next Retirement Board meeting will be held via Zoom on Thursday, August 26, 2021 at 8:30 am. NOTE: The September Board meeting has been changed to 9/30/2021. Robert Cunha, Chairman Alan Fields, Appointed Member Carolyn Kosnoff, Ex Officio Member Joseph Foley, Elected Member Frederick Weiss, Appointed Member