10-12-1995 - Workshop
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Edgewater Firefighters' Pension Fund
Workshop
Community Development Conference Room
Thursday, October 12, 1995
5: 14 PM
Call To Order: A Workshop for the Edgewater Firefighters' Pension
Fund was called to Order in the Community Development Conference
Room in the City Hall Complex at 5:14 PM on Thursday, October 12, 1995
by Secretary Patricia Richards.
Roll Call: Members present were: Mr. Bill Vola, Mr. Fred Munoz, Ms.
Jill Landreville, and Secretary Patricia Richards. Chairman Williams was
absent. Also present were Mr. Steve Burkhalter and Mr. Charlie Mulfinger
from Smith Barney as well as Recording Secretary Lisa R. Miller.
Presentation: Mr. Burkhalter from Smith Barney introduced Mr.
Mulfinger from who made a presentation of information to the Board on
the History of Capital Investments. There was discussion regarding
investing styles and the Investment Policy Statement that needed to be
adopted by the Board. A sample of an Investment Policy Statement was
given to the Board for their review. There were two changes that needed to
be made to the document before the Board could consider it at the next
meeting. Mr. Mulfinger stated if he could get the correct information, he
could have a copy ready for the next meeting. There was discussion
regarding a change in the Ordinance that would allow the money manager
a little more freedom in choosing what to invest in. There was discussion
regarding the Investment Policy Statement. It was noted the Investment
Policy Statement was a conservative starting point giving the money
manager guidelines to work in, and also makes sure the Board could
provide this document as this is the document that is requested first in any
lawsuit regarding investment practices.
The Board thanked the gentlemen from Smith Barney for their
presentation.
There being no more business to come before the Board at this time Mr.
Vola moved to adjourn. Ms. Landreville seconded. Meeting adjourned 6:07
PM.
Minutes respectfully submitted by:
Lisa R. Miller
Recording Secretary
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