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Investment manager briefs board on market and IPOPIF holdings
Summary
Edward Lavin of Sawyer Falduto Asset Management handed out the pension portfolio and updated trustees on market conditions and the Illinois Police Officers' Pension Investment Fund (IPOPIF) holdings; the board took no action.
Edward Lavin of Sawyer, Falduto Asset Management, LLC presented the Spring Grove Police Pension Fund portfolio at the board's April 21 meeting and summarized market conditions affecting the fund.
Lavin handed trustees a printed portfolio and highlighted key points about asset performance and the fund's exposure to IPOPIF holdings; the minutes record that no board action was taken following the presentation. The board heard the update to inform future investment oversight and quarterly monitoring.
McKenzie Mendez of Lauterbach & Amen also provided an administrative report to trustees during the same segment; that report addressed administrative items relevant to fund management and likewise prompted no immediate action.
