Loading...
HomeMy WebLinkAbout2008-09-04-TPT-minTOWN OF LEXINGTON TRUSTEES OF PUBLIC TRUSTS Minutes of meeting of September 4, 2008 The meeting was held at the offices of Atlantic Trust at 100 Federal Street, Boston MA at 12:15 PM. Present were Alan Fields, Thomas Taylor and Craig McCullough. The holdings of the various funds and the recent changes in the weighting of the assets were reviewed. The Trustees are satisfied with the performance of the portfolio during this difficult time. It was decided to increase the exposure in international markets by reducing some of the index funds in favor of some actively managed funds and moving some of the large cap index funds into actively managed funds. Craig is to research some funds suggested by Alan and report back. We considered reducing the cash position in the cemetery funds. Craig is to supply us with the most recent legal list. It was voted to accept the Scott Davidson Family Scholarship Fund, on the terms set forth in a letter dated July 20, 2008, attached to these minutes. Craig was asked to have the "wire in" and "wire out" columns filled in on the monthly account activity reports. Tom Taylor, Secy.