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PNC reviews Lake Norman Charter investment performance and asks board to reaffirm investment policy
Summary
PNC representatives reviewed the school’s portfolio performance for 2024, discussed asset allocation and market outlook for 2025, and asked the board to affirm the Investment Policy Statement; the board agreed to discuss any material changes in a future committee meeting.
PNC representatives reviewed Lake Norman Charter’s investment portfolio performance for 2024 and asked the board to reaffirm the Investment Policy Statement (IPS).
Frank Pack, an advisor with PNC, and Jake Smith, an analyst with PNC, presented quarterly and trailing returns and described the portfolio’s asset allocation. Pack said the portfolio was “pretty well diversified,” and that the IPS target provided to PNC calls for 30%…
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