2015-05-28-RB-min - Laserfiche WebLink

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a yield of 4.60% and a benchmark of $4.12 %. He also discussed structure & guidelines, characteristics, positions and outlook. Julie Carman Lind and Zela Astarj ian from RhumbLine were present for the annual review. As of 4/30/15 Lexington's market value is $12,621,192.14 with YTD yield of 2.30 %, 1 year at %12.96 and 16.24% since inception. They reported that Lexington Retirement System holds L36% ownership in RhumbLine's Russell 1000 Pooled Index Fund as of 4/30/15. They provided a list of the 10 ten holdings, commissions, organizational chart and new clients and products. Stephen MacLellan from Meketa presented the interim update as of April 30, 2015. The market value as of 4/30/15 is $144.5 mil up from $141.6 mil as of 3131115. They reviewed Asset Summary at Security Level. Alan requested that Meketa create a new chart for the next meeting that includes the new investments to show what the portfolio will look like with the three new investments and to change the Hedge Fund target allocation to 10% with a target range of 5 -10 %. It was reported Joe Haynes had his PERAC reevaluation and it was determined he can't go back to work. It was reported Joe O'Leary filed an appeal with DALA regarding the non - inclusion of lump -sum vacation pay in his retirement calculation. PERAC updated the funded ratios in April. Lexington has the highest funded ratio of any town in the Commonwealth and the fifth highest ratio out of 107 retirement systems. It was suggested the public be made aware. A motion was made, seconded and approved unanimously to adjourn the meeting at 10:00. The next meeting will be held June 25, 2015, 8:00 AM at Cary Memorial Library. Robert Cunha, Chairman Alan Fields, Appointed Member Robert Addelson, Ex Officio Member Joseph Foley, Elected Member absent Frederick Weiss, Appointed Member