HomeMy WebLinkAbout2006-10-19-TPT-minTOWN OF LEXINGTON
TRUSTEES OF PUBLIC TRUSTS
Minutes of Meeting
October 19, 2006
The meeting was held at the offices of Atlantic Trust at 100 Federal Street, Boston, MA. Present
were Trustees Alan Fields and David Williams, and David Ely and Dennis Dywer from SSGA.
The minutes of the July 13, 2006 meeting were approved.
As of 9/30/06 cash was high but has been drawn down.
Year to date the Endowmant fund is up 5.7% versus 5.29 for the benchmark.
It was noted that we will have more income this year and that large cap stocks will do very well.
It was voted to reduce the fixed income portfolio to 20% and to increase large cap equity to 25%
and international equity to 15 %.
It was noted that by moving the equity portion of the cemetery funds to the legal list an excellent
gain was made.
David Williams, Secretary