 |
|
|
INVESTMENT SUBCOMMITTEE
MEETING MINUTES
| Date: September 18, 2013 | Time: 2:00 p.m. |
| X Regularly Scheduled | __ Special |
| Attendees: | Was a quorum present? Yes |
| Commission: | Other Attendees |
| Charlie Casella | Kay Carey-Reid, ING |
| Steven Greatorex | Jeff LaFave, ING |
| Robert Baus | Lisa Gillarde, ING |
| James Dzurenda | Bill Cottle, Milliman (by phone) |
| Sal Luciano | |
| Comptroller's Office | |
| Thomas Woodruff, Director, HPBSD | |
| Margaret Haering, Assistant Director, HPBSD | |
| Brenda Halpin, Director, RSD |
Matters Discussed: Bill Cottle reviewed the plan'S investment line-up and recommended that several funds, the Hartford Capital Appreciation, Fidelity VIP Mid-Cap and Fidelity VIP Contrafund, should be reviewed more closely. Bill also suggested that the committee might want to consider adding an opportunistic fund to the fixed income line-up. Lisa Gillarde reviewed the ING fund report card for the funds in our investment line-up.
Lisa concurred with Bill Cottle'S analysis on the funds to be watched. We also discussed the Morningstar Portfolios and plans to encourage more employees to take a look at them to increase diversification.
The next meeting is scheduled for November 20, 2013. It will be held at ING'S headquarters in Windsor.
Materials Reviewed: ING Investment Information Review; Milliman Report, ING
3rd quarter newsletter.
Decisions voted upon:
Return to Meetings, Agendas and Minutes Home Page
Return to Comptroller's Home Page