2017-05-25-RB-min - Laserfiche WebLink

Browse Search

will acquire these holdings and rely on his investment team to look into companies with revenue growth and attractive business models to create a balanced portfolio. Brian also mentioned it will be Tom's goal to lower the tracking risk. With the markets up, the tracking error Beta is around 1.1 and should come down. The review concluded. Henry and Steve opened up the discussion with the Board on the Hartford presentation. Henry felt the Hartford Fund could be a high cost index fund going forward. This was based on Saul retiring and a new style Tom Simon brings to the fund. It will be a tough transition for Tom's entry and Saul's departure over the next several months. Henry suggested moving the Hartford Fund into RhumbLine and International Growth. Alan felt we should move the entire Hartford holding into Acadian International. This would give us a balanced weight financially in both the US and International markets. After a brief discussion amongst colleagues,Alan made a motion to transfer Hartford into Acadian. $5m will be transferred to Acadian International Fund and the balance to cash. The motion was seconded by Fred and voted in agreement by Bob,Joe and Carolyn. The Fossil Fuel holding has dropped from 4.4%to 4.2%. The drop came from changes in fixed income and asset class. A motion was made, seconded, and unanimously approved to adjourn the meeting at 9:30. The next Board Meeting will be Tuesday June 27th at 8:00 AM in Cary Memorial Library. Robert Cunha, Chairman Alan Fields,Appointed Member Carolyn Kosnoff,Ex Officio Member Joseph Foley,Elected Member Frederick Weiss,Appointed Member