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Chelsea Retirement Board Investment Regulations

Regulations accepted by the board and approved by PERAC

PERAC Approval Date: March 31, 2004

Investment/Supplemental Regulation

Regulation Number 16.08: In accordance with PERAC Investment Guideline 99-2, the Chelsea Retirement Board is authorized to modify its large cap equity mandate with RhumbLine Advisers.  As part of a rebalancing of its equity portfolio intended to reduce any possible style bias, RhumbLine’s mandate will change from large cap value (Russell 1000 Value Index) to large cap core (S&P 500 Index).  The Board determined through interviews that RhumbLine’s product offers the lowest management fees.  Transferring the assets in this manner would also result in savings in transaction costs.

Contact   for Chelsea Retirement Board Investment Regulations




Chelsea Retirement Board
90 Everett Ave, Suite 5, Chelsea, MA 02150

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