PERAC Approval Date |
Regulation Number |
Supplemental Investment Regulation |
| July 29, 2008 | Notwithstanding the provisions of any statute of the Commonwealth or regulations of the Public Employee Retirement Administration Commission to the contrary, including but not limited to the provisions of 840 CMR 21.01(2)(3)(4) and (5), the Chicopee Retirement Board is hereby granted an exemption from restrictions on investment contained therein for the purposes of investing in the following SEI mutual funds, provided that the underlying investments conform to the terms of the fund prospectuses on file with the United States Securities and Exchange Commission: SEI Institutional Investments Trust Disciplined Equity Fund |
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| January 23, 2008 | 21.01(2)-(5) | The Chicopee Retirement Board is authorized to invest in the Julius Baer International Equity II Group Trust Fund. To the extent that the manager may employ shorting or may use futures or options contracts in magnitudes higher than those already permitted in the regulations, these strategies are permitted by this supplemental regulation. |
April 1, 2004 |
16.08 |
In accordance with PERAC Investment Guideline 99-2, the Chicopee Retirement Board is authorized to modify its large cap equity mandate with Freedom Capital Management. The Board currently uses Freedom Capital for active value and “equity style” products and, as part of a portfolio rebalancing program, will begin investing in Freedom’s “style weighted concentrated fund”. This fund is managed by the same portfolio management team, invests in the same large cap universe, and has the same benchmark as the “style” fund. |
June 27, 2000 |
16.08 |
In accordance with PERAC Investment Guideline 99-2, the Chicopee Retirement Board may make a modest modification to its fixed income management mandate with Freedom Capital Management. Under this modification, the manager may invest up to 15% of the account’s assets in high-yield securities on an opportunistic basis. The Board has had a successful relationship with Freedom Capital as a fixed income manager since 1986 and
it is satisfied that the company has sufficient capability in the high-yield market to accomplish the modified mandate. |
December 27, 2000 |
16.08 |
The Chicopee Retirement System may modify its investment agreement with Freedom Capital Management in accordance with Investment Guideline 99-2. In order to achieve cost savings deriving from economies of scale, the System’s Core Plus Fixed Income and Large Cap Value mandates with Freedom Capital will change from separately managed accounts to articipation in commingled funds. |
April 7, 2000
|
16.08 |
In accordance with PERAC Investment Guideline 99-2, the Chicopee Retirement Board may invest in the Freedom Equity Style Fund. Proceeds will come from a large cap equity value separate account managed by Freedom Capital Management. As long as the Fund maintains its value focus, there is no change in investment strategy or in the universe of securities to be considered. Since the Fund invests in an index rather than in individual securities, this modification affords reduced fees to the System. |