Pension Board Quarterly Meeting (08/11/2021)
Jacksonville Beach Pension Board · August 12, 2021
The Jacksonville Beach pension board reviewed strong June 30 investment returns, discussed that equities had exceeded the 65% ordinance cap, agreed to rebalance at least $910,000 out of equities into cash and approved a motion to sell from Wells Capital to bring total equity back to 65% pending further analysis and potential ordinance changes.
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