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Punta Gorda trustees approve $1.9M rebalance, terminate one international manager
Summary
Trustees approved a rebalancing that sells $1.9 million from an international stock index into bond funds to bring fixed‑income allocations closer to policy targets, and voted to terminate the WCM international manager and move its proceeds into the Vanguard international index.
The Punta Gorda Police Pension Board approved a rebalancing plan and a manager change at its Dec. 11 meeting.
Investment consultants recommended selling $1,900,000 from the Vanguard Total International Stock Index. The proposed trades: $1,100,000 into the Vanguard Total International Bond Fund, $500,000 into the Baird Core Plus Bond Fund, and…
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