Plymouth County Investment Regulations

PERAC Approval Date

Regulation Number

Supplemental Investment Regulation

October 26, 2009 16.08 In accordance with PERAC Investment Guideline 99-2, the Plymouth County Retirement Association is authorized to modify its domestic equity index mandate with RhumbLine Advisors.  As part of a restructuring of its domestic equity portfolio, the Board will transfer assets from the RhumbLine Russell 200 Index Fund to the firm’s Russell 1000 Growth Pooled Index Fund.

July 7, 2009 19.01(8)

The Plymouth County Retirement Association is authorized to increase its allocation to alternative investments from 5.0% to 7.5%.  The Association has been investing in alternative investments for several years and may use the increased allocation to increase its exposure to perceived opportunities created by the credit and financial crisis.

June 7, 2009 19.01(4)

The Board is authorized to increase its allocation to real estate from 10% to 15% of the total market value of the portfolio at the time of investment.  With the uncertain schedule of capital calls during a time of great financial market volatility, it is remotely possible that the allocation could rise as high as 20% as a result of market dislocations.

October 11, 2007

16.08

Notwithstanding the provisions of any statute or regulation to the contrary, specifically including the provisions of 840 CMR 21.01, the Plymouth County Retirement Association is hereby granted an exemption from restrictions on investment for the purpose of investing $20,000,000 of the Plymouth County Retirement Association’s assets in the Eaton Vance Loan Opportunities Fund, Ltd., a private placement investment.

September 27, 2002

16.08

In accordance with PERAC Investment Guideline 99-2, the Plymouth County Retirement Board is authorized to make the following two modifications to existing investment mandates.  The large cap equity mandate with Freedom Capital Management is being transferred from the commingled Equity Style Fund to a separately managed large cap growth account.  The Equity Style Fund switched between a large cap growth concentration and a large cap value concentration at the manager’s discretion.  The Board has concluded that having a permanent large cap growth mandate would be more consistent with its asset allocation goals.  The Board has had a satisfactory relationship with Freedom Capital since 1999.

The assets in the Putnam Core Growth Trust are being transferred to the Putnam Mid Cap Growth Trust.  The Core Trust includes holdings of large, mid, and small cap stocks.  The Board has concluded that its overall asset allocation would be best served by reducing this mandate to focus only on the mid-cap segment.  The Board has had a s uccessful relationship with Putnam since 1997.

July 20, 2001

16.08

In accordance with PERAC Investment Guideline 99-2, the Plymouth County Retirement Association is authorized to change its domestic small cap equity mandate with Aeltus Investment Management from a separate account to a commingled fund for the purpose of achieving operational efficiency and reduced costs.

September 1, 2000

16.08

In accordance with PERAC Investment Guideline 99-3, the Plymouth County Retirement Association may invest in Charles River Partnership XI.  The Association has had a satisfactory and successful relationship with Charles River Ventures from its prior investments in Charles River Partnerships VI, VII, VIII, IX, and X, and has submitted the appropriate documentation in support of this request.