Arlington Investment Regulations

PERAC
Approval
Date

Regulation Number

 

Investment Regulation/Supplemental Regulation

10/01/07

16.08

The Arlington Retirement Board may invest in the Barclays EAFE Equity Index Fund on a temporary basis.  The Board had recently terminated its incumbent international equity manager, The Boston Company, after that firm’s international equity portfolio management team suddenly departed the firm.  The Board and its consultant determined that Barclays Global Investors offered the most cost-effective and efficient product for this temporary assignment.  The manager has submitted the required regulatory documents.

This temporary authorization extends through January 31, 2008.

01/11/1996

20.03(1)

 

20.03(2)

Equity investments shall not exceed 70% of the portfolio valued at market, including international equities which shall not exceed 10% of the portfolio valued at market.

At least 30% but no more than 80% of the total portfolio valued at
market shall consist of fixed income investments with a maturity of
more than one year.

02/15/1995

20.03 (1)

 

20.04 (1)

20.07 (5)

Equity investments shall not exceed 55% of the portfolio valued at market,including international equities which shall not exceed 5% of the portfolio valued at market.

United States based corporations and equities of foreign corporations.

Equity investments shall be made only in securities listed on a United
States stock exchange, traded over the counter in the United States, or
listed and traded on a foreign exchange.

02/18/1993

20.03(1)

Equity investments shall not exceed 50% of the total book value of the portfolio at the time of purchase.

02/21/1992

4.03

Copies to be Sent to PERA

  1. Within four (4) weeks of the close of each month, after all entries for the month have been posted and a trial balance performed, the board shall send to the Public Employee Retirement Administration a photocopy of the following for the month:

    (a)cash book entries;
    (b)trial balance; and
    (c)journal entries.

01/03/1992

16.02(3)

 

 

 

 

16.02(4)

The board may incur expenses for investment advice or management
of the funds of the system by a qualified investment manager and the
board may incur expenses for consulting services. Such expenses
may be charged against earned income from investments provided
that the total of such expenses shall not exceed in any one year:

(a)1% of the value of the fund for the first $5 million; and
(b) 0.5% of the value of the fund in excess of $5 million.

The board may employ a custodian bank and may charge such expenses against earned income from investments provided that such expenses shall not exceed in any one year .08% of the value of the fund.

03/22/1990

20.06(8)

 

 

20.07(6)

Sales of fixed income investments with maturities exceeding one
year shall not exceed 200% of the market value of all fixed income
obligations in any twelve month period, excluding cash and short
term obligations.

Sales of equity investments shall not exceed 100% of the average
market value of all equity holdings in any twelve month period.

11/24/1989

20.08(e)

Enrollment in the Securities Lending Program offered by State Street
Bank & Trust Company.

04/24/1989

4.03(1)

 

 

 


4.03(2)

Within four (4) weeks of the close of each month, after all entries for
the month have been posted and a trial balance performed, the board
shall send to the Public Employee Retirement Administration a
photocopy of the following for the month:

(a)cash book entries
(b)trial balance
(c)journal entries

As of January, 1989, the board shall instruct its custodian bank to
send to the Public Employee Retirement Administration all custodian
reports and a tape of daily cash settlement activity and purchase and
sale transaction information within four (4) weeks of the close of
each month.