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Rob Bernstein and Lucas Turton were present from Windham Capital Management, LLC and Edward <br />Finn and Brian Singer from William Blair were present to give their presentations for the Global Tactical <br />Asset Allocation Manager search. Both firms provided overviews, philosophies, investment process, <br />strategies, positioning of portfolios and performance. Meketa provided a comparative manager <br />assessment between the two managers including historical performances and management fees. There is a <br />distinct difference between the two favoring William Blair. Motion by Bob, seconded by Joe and voted <br />unanimously to add William Blair as the new GTAA manager. Before deciding on the funding, Meketa <br />will provide an historical correlation with Wellington and William Blair as well as an asset summary <br />including Golub, White Oak and a 7% allocation from Wellington to William Blair. <br />Karen's step increase tabled to next meeting. <br />The third medical panel review for Rodney Blake has just been received at PERAC and is being sent to <br />Lexington. All three will be forwarded to the Board for review before the April meeting. <br />The Board was reminded of Memo # 39 regarding Board member training for 1" qtr. 2015. <br />Acadian and Hartford to be invited to next meeting for their annual reviews. <br />A motion was made, seconded and approved unanimously to adjourn the meeting at 10:40. <br />The next meeting will be held April 22, 2015, 8:00 AM at Cary Memorial Library. <br />Robert Cunha, Chairman Alan Fields, Appointed Member <br />absent <br />Robert Addelson, Ex Officio Member Joseph Foley, Elected Member <br />absent <br />Frederick Weiss, Appointed Member <br />