2020-01-30-RB-min - Laserfiche WebLink

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sector should remain steady, especially the domestic side. Our Matthews Asia fund bears watching due an outbreak of the Coronavirus. Early reports have spending in China very weak. A travel ban has been put into place. Steve will be monitoring the fund closely. Overall,the report presented by Meketa was extremely positive. Our portfolio should continue to do well heading into the 1St Qtr. 2020. Steve gave an overview presentation regarding Alternative Beta, a concept of managing volatile alternative investments through the use of other funds. The strategy aims to achieve a better risk- adjusted performance relative to cap weighted indices. His introduction to this can be located in the Meketa handout beginning on page 27. Steve wanted to inform us of this type of investment that is building some momentum with other clients. Fossil Fuel exposure has dropped to 4.1%, ending the year lower than the original 4.4% reported the past few months. Future Board meeting dates: 02/27/2020, 03/26/2020, and 4/30/2020. Bob Cunha motioned to adjourn the meeting at 9:35 am,which was seconded by Fred Weiss, and approved by Carolyn Kosnoff and Alan Fields. The next Retirement Board meeting will be held on Thursday, February 27, 2020 in Cary Memorial Library at 8:00 am. Acadian and RhumbLine will attend. Robert Cunha, Chairman Alan Fields, Appointed Member Carolyn Kosnoff, Ex Officio Member Joseph Foley, Elected Member Frederick Weiss, Appointed Member