Laserfiche WebLink
<br />BOARD OF TRUSTEES FOR UNIVERSITY CITY PENSION PLAN <br />MINUTES OF JOINT MEETING <br /> <br />Non-s Retirement System <br />January 22, 2019 at 6:30 p.m. <br /> <br />A meeting of the Board of Trustees was called to order by acclamation at 6:30 p.m. at the <br />Heman Park Community Center 975 Pennsylvania Ave, University City, MO. <br /> <br />Members in Attendance: Frank Reedy, Edward McCarthy, Thomas Jennings, Juli Niemann, <br />James Stutz, Brian Isenberg, Joel Myers, Patrick Wall, Ewald <br />Winker; non-voting Gregory Rose and Steve McMahon <br /> <br />Member(s) Absent: <br /> <br />Member(s) Excused: <br /> <br />Others in Attendance: Sean Hughes and Patty Boyd Ziegler Capital Management <br />Kara Krawzik Greensfelder, Hemker & Gale, P.C <br /> Keith Cole Interim Treasurer <br /> Yolanda Howze Staff Liaison <br /> <br />Agenda <br />Chairman Reedy called for an approval of the agenda. Agenda was motioned for approval. <br />The approval of the agenda was seconded and approval carried unanimously. <br /> <br />Minutes <br />Chairman Reedy called for an approval of the minutes October 23, 2018. Chairman Reedy <br />noted that Thomas Jennings was excused for all the October 23, 2018 meetings. Mrs. Howze <br />noted that she would make that correction and remove Shannon Koons as an attendee as well. <br />Member McCarthy motioned to approve the October 23, 2018 meeting minutes. The motion was <br />seconded by Member Jennings and approval carried unanimously. <br /> <br />Quarterly Portfolio Review <br />Patty Boyd commented that Ziegler Capital Management is stableno change in organizational <br />structure, same investment team and portfolio managers (Sean and Wiley), overall 11.8 billion <br />in assets under management with 79 employees, and FAMCO Covered Call is the biggest <br />growth engine for the firm (grown Covered Call strategies over 1 billion this year). <br /> <br />Sean Hughes of Zeigler provided an overview of the third quarter Non-Uniformed and Police <br />and Fire portfolios. He noted that 2018 was an unusual year with corporate earnings going up <br />never been another year where 90% of asset classes had negative returns; 2018 started out <br />rd <br />with volatility but corporate earnings drove up the market and by the end of the 3 quarter S&P <br />Њ <br /> <br /> <br />