April 2018 Regular Board Meeting Minutes Uploaded

The minutes of the April 24, 2018 Board meeting have been uploaded to the 2018 minutes pages. Click here to view.

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Agenda for the Wednesday, May 30, 2018 Regular Board Meeting has been uploaded.

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Change: Loomis Sayles will be our Fixed Income investment manager.

The Board today (May 14, 2018) discussed again the relative performance of the four managers interviewed on April 12, 2018 over the last five years, and based on those numbers decided to switch to Loomis Sayles because its numbers were better than IR&M’s (the incumbent).

IR+M has been the manager of the Franklin Regional Retirement System’s fixed income allocation since 2003. Loomis Sayles will takeover and manage the $17 million allocation for at least the next 7 years until the next required re-bid of the allocation.

The 4 interviewees were very impressive:

  • Loomis, Sayles Company
  • Income Research + Management (IR+M)
  • Wellington Management
  • Western Asset Management

Thank you all.

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Agenda for the Monday, May 14, 2018 Special Board Meeting has been uploaded.

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April 2018 Special Board Meeting Minutes Uploaded

The minutes of the April 12, 2018 Special Board meeting have been uploaded to the 2018 minutes page. Click here to view.

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March 2018 Regular Board Meeting Minutes Uploaded

The minutes of the March 28, 2018 Board meeting have been uploaded to the 2018 minutes page. Click here to view.

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Agenda for the Tuesday, April 24, 2018 Regular Board Meeting has been uploaded.

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2018 Revised Board Meeting Dates Schedule has been uploaded

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Congratulations to Income Research + Management – they will continue as our Fixed Income investment manager

Income Research + Management (IR+M) was one of the four managers interviewed today (April 12, 2018) from an initial pool of 31 submitted proposals. IR+M has been the manager of the Franklin Regional Retirement System’s fixed income allocation since 2003 and will continue to manage the $17 million allocation for another 7 years until the next required re-bid of the allocation.

We are grateful to all that submitted proposals. The other 3 interviewees were very impressive:

  • Loomis, Sayles Company
  • Wellington Management
  • Western Asset Management

Thank you all.

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Agenda for the Investment Manager Interviews meeting April 12, 2018 has been uploaded.

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