HomeMy WebLinkAbout2003-07-16-TPT-minLinda Williams
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From: "Thomas Taylor" <tomtaylors @rcn.com>
To: "David Williams" <williamsdg @rcn.com >; "Alan Fields" <drake439 @aoi.com>
Sent: Saturday, July 19, 2003 1:08 PM
Subject: July 16 meeting
TOWN OF LEXINGTON
TRUSTEES OF PUBLIC TRUSTS
Minutes of Meeting
July 16, 2003
A meeting was held at 12 noon at the office of State Street Global Advisors at 225 Franklin Street,
Boston, MA. Present were Trustees Alan Fields, David Williams and Thomas Taylor, and David G. Ely
and Dennis Dwyer of SSGA.
The performance of the Endowment Fund and the Cemetery Funds was reviewed, and the allocation of
the investments among the SSGA Funds was discussed. The following changes in the investment of the
Endowment Fund were voted:
1. Increase the maximum allowed equity investment to 45% of the Fund.
2. Take an amount equal to 8% of the Fund value from cash and fixed
income investments and invest one -half in the SSgA International
Growth Opportunities Fund and one -half in the SSgA Emerging Markets
Fund.
It was voted to increase the maximum allowable equity investment in the cemetery funds to 25 %.
The next meeting with SSGA will be 12 noon, January 21, 2004, at the office of Alan fields at 75 State
Street, Boston.
Tom Taylor, Secretary
7/23/2003