Laserfiche WebLink
CITY OF CASSELBERRY <br />POLICE OFFICERS' AND FIREFIGHTERS' PENSION PLAN <br />BOARD OF TRUSTEES <br />QUARTERLY MEETING MINUTES <br />Casselberry City Hall Commission Chambers <br />95 Triplet Lake Drive, Casselberry, Florida 32707 <br />Wednesday, May 22, 2019, 1:OOPM <br />TRUSTEES PRESENT: Matthew Hettler <br />William Nas <br />Donald Harkins <br />Douglas Mathews <br />James Goodman <br />TRUSTEES ABSENT: None <br />OTHERS PRESENT: Dave West, AndCo Consulting <br />Scott Christiansen, Christiansen & Dehner <br />Ferrell Jenne, Foster & Foster <br />Members of the Public <br />Call to Order with Pledge of Allegiance — Chairman Matthew Hettler called the <br />meeting to order at 1:05PM with the Pledge of Allegiance. <br />II. Public Comments - None <br />III. Approval of Minutes <br />a. William Nas discussed the minutes and his discussion about the REIT. William <br />pointed out the meetings were no longer recorded, and it would be hard for him to <br />go back and remember the points he had during the REIT discussion. <br />The board voted to approve the February 12 2019 quarterly meeting minutes as presented, <br />upon motion by James Goodman and second by Douglas Mathews; motion carried 5-0. <br />IV. Reports <br />a. AndCo Consulting, Dave West, Investment Consultant <br />i. Quarterly report as of March 31, 2019 <br />1. Dave West commented the Fed came out and stated they were <br />going to stop the shrinking of the balance sheet and raising interest <br />rates. Dave commented this type of news has historically fueled <br />the equity market. <br />2. The market value of assets as of March 31, 2019, was <br />$25,671, 827. <br />3. The total fund gross returns as of March 31, 3019, were 9.57%, <br />outperforming the benchmark of 8.80%. The 1, 3, and 5 -year total <br />fund gross trailing returns were 4.65%, 9.08%, and 5.84% <br />respectively, comparing to the benchmarks of 5.65%, 9.15%, and <br />1 <br />