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PRIM Board balance on 9/30/2017 is $69.4b. The main mission of this Board is to relieve the <br /> pension funding burden on the taxpayers. In the last 5 years, they have contributed over $17.2b <br /> in pension funding. <br /> Michael briefed us on the different investment classes. Currently, the Private Equity class is the <br /> main driver for the strong returns in 2017. Real Estate and Timber have been steady for their <br /> fund. The Hedge fund division operates a bit different than most out there. They tend to stick <br /> with low volatility hedge funds. He went on to explain his Boards investment beliefs and closed <br /> the presentation by mentioning that PRIM's Private Equity Portfolio ranks #1 and sometimes #2 <br /> in the country. It battles with the Texas Teachers' Retirement System for the top spot. <br /> We will continue to secure a laptop for the Board meetings to access PROSPER records as <br /> needed. <br /> Future Board Meeting dates announced: 12/28/17, 1/25/18, 2/22/18, 3/22/18, and 4/26/18. <br /> A motion was made, seconded, and unanimously approved to adjourn the meeting at 10:00 AM. <br /> The next Board Meeting will be on Thursday December 28h at 8:00 in Cary Memorial Library. <br /> Robert Cunha, Chairman Alan Fields, Appointed Member <br /> ABSENT <br /> Carolyn Kosnoff, Ex Officio Member Joseph Foley, Elected Member <br /> ABSENT <br /> Frederick Weiss, Appointed Member <br />