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Henry explained the Wellington Enduring Assets Benchmark Analysis that was performed by <br /> Meketa. He mentioned some concern with the analysis as to interest rates going up. Overseas <br /> rates not as high, yet they will still impact fees. He spoke of the numbers between the Global <br /> Infrastructure and the ACWI in the booklet. Then he briefly talked of the Best Fit Analysis chart <br /> for our portfolio. <br /> Steve McLellan presented an overview for the search regarding a new manager of the senior <br /> direct lending strategy for the Lexington Retirement System. He stated all RFP's must be <br /> submitted to the retirement office by 4:OOpm on May 18, 2018 for consideration. It is anticipated <br /> that up to 10 firms will submit RFP's. Henry and Steve will put together a spreadsheet of <br /> candidates for the Board to review in June. After review, we can begin the interview process for <br /> candidates at future Board Meetings. <br /> Fidelity and Kayne Anderson Rudnik are scheduled for review at the next Board Meeting. <br /> A motion was made by Bob, seconded, and unanimously approved to adjourn the meeting at <br /> 9:10 AM. <br /> The next Board Meeting will be held on Thursday May 24, 2018 at 8:00 AM in Cary Memorial <br /> Library. <br /> Robert Cunha, Chairman Alan Fields, Appointed Member <br /> Carolyn Kosnoff, Ex Officio Member Joseph Foley, Elected Member <br /> ABSENT <br /> Frederick Weiss, Appointed Member <br />