YTD Investment Return

At today's pension board meeting, our investment manager, Jay Bowen, gave a report to the board. After nearly 7 months into this fiscal year, the year to date performance has been +9.5%. With a current market value of $1.89 billion this represents a +$167 millon return at this point in our fiscal year. Although the investment return continues to grow Mr. Bowen's perspective is that there is not a lot of risk taking by companies traded on the market. So, market growth is slow. He cautioned that there is modest potential for increase for stocks before we reach our end of this fiscal year. Translated it means there is no way at this time to predict if we will reach our magic +10% or more by Sep 30th.


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