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2017-03-27-RB-min
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2017-03-27-RB-min
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Minutes - RB - Retirement Board
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Henry Jaung and Steve McLellan presented the Meketa update. The portfolio increased from <br />$146.8m on 1/31/17 to $149.6m on 2/28/17. <br />There is 36% in domestic equity and 21% in international developed equity. Alan began a <br />discussion of possibly moving funds from domestic equity. The discussion included possibly <br />moving the funds to cash short term and waiting for valuation to decrease or to move it to non U.S. <br />equity and give it to Wellington Opportunistic and allow them shift the money. Fred requested <br />Steve report back at the next meeting of how the portfolio would be affected. The discussion will <br />continue at the April meeting. <br />The Board was reminded of the PERAC PROSPER training and of the Board member educational <br />training. <br />Next Board meeting will be on April 27, 2017 at 8:00 am. <br />Fossil Fuel Company exposure was 4.4% to close out 2016. That represented 117 total securities <br />invested in fossil fuels, excluding the overlapping securities. <br />A motion was made, seconded and unanimously approved to adjourn the meeting at 10:25. <br />The next Board meeting will be on Monday March 27, 2017 at 8:00 AM in Cary Memorial Library. <br />Robert Cunha, Chairman Alan Fields, Appointed Member <br />Carolyn Kosnoff, Ex Officio Member Joseph Foley, Elected Member <br />Frederick Weiss, Appointed Member <br />
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