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INVESTMENT SUBCOMMITTEE MEETING MINUTES
| Date: 03/02/2017 | Time: 2:00 p.m. |
|---|---|
| X Regularly Scheduled | __ __ Special |
| Attendees: | Was a quorum present? Yes |
| Retirement Commission | Other Attendees |
| Charlie Casella | Frank Picarelli, SegalMarco |
| Michael Carey | Vanessa Vargas, SegalMarco |
| Sandra Browne-Brewton | Michael McMann, Prudential |
| Laila Mandour | Joel Fein, Prudential |
| Steve Greatorex | |
Comptroller's Office
Thomas Woodruff, Director, HPBSD .
Margaret Haering, Assistant Director, HPBSD
Brenda Halpin, Director Retirement Div.
Amy Cason, Associate RBO, HPBSD
Matters Discussed:
Review of quarterly performance of plan investment options and markets.
Plan Review, participant behavior and summary of investment utilization and fund
transfers. The Committee discussed eliminating one of the two funds in the REIT
category and asked the consultant to make recommendations for a fund in the
Small Value category. The Committee also discussed the Stable Value Fund and the
potential need to rebalance the portfolios to restore them to their target
percentages.
Materials Reviewed:
Analysis of Investment Performance, SegalMarco
State of Connecticut Combined Plans, Fourth Quarter Report
Decisions voted upon: None.
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