Peabody Investment Regulations

PERAC
Approval
Date

 

Regulation Number

 

Investment Regulation/Supplemental Regulation

August 8, 2001

16.08

In accordance with Investment Guideline 99-2, the Peabody Retirement Board is authorized to modify its large cap equity mandate with Freedom Capital Management by transferring assets from a separately managed account to a commingled fund, the Freedom Equity Style Fund.  Freedom has been the system’s large cap equity manager since 1985 and this change involves no revision of benchmark or strategy while accomplishing a reduction in fees.

August 1, 2001

 

In accordance with PERAC Investment Guideline 99-2, the Peabody Retirement Board is authorized to make two modifications to existing investment mandates.

First, the system’s large cap value equity mandate with Freedom Capital Management is being transferred from a separate account to a commingled fund, the Freedom Large Cap Value Fund.

Second, the system’s fixed income mandate with Freedom Capital Management is being transferred from a separate account to a commingled fund.  Also, the mandate itself is being modified from a “core” to “core plus” strategy.  The new fund is the Freedom Capital Core Plus Fixed Income Fund.