The Weymouth Retirement Board met on Tuesday, March 23, 2010 and welcomed newly elected Board Member Richard J. Hayes.

♦  The Board interviewed four managers to fill a Private Equity Fund of Funds mandate.  After receiving presentations and discussion between the Board Members, it was voted to hire Constitution Capital Partners, an Andover, Massachusetts firm, and Hamilton Lane, which is headquartered in Pennsylvania.

♦  The Board also interviewed four managers to fill an International Small Cap Equity mandate, and at the conclusion of the presentations by the fund managers, voted to hire Acadian Asset Management, a Boston firm, and William Blair & Company, also having offices in Boston. 

♦  All four new managers will provide a complimentary investment to already existing funds, and there will be no terminations to fund the new mandates.  A revised Asset Allocation chart will be published on this web site as soon as it is available.

♦  Retirees received a recently mailed "Notice of Election".  This was sent out because Joseph Davis' current three year term on the Retirement Board will expire on July first.  Nomination papers are available at the Retirement Office.  If more than one person returns completed nomination papers, we will hold an election and all retirees will receive a ballot in the mail during the month of May. 

♦  Many of our retirees have asked about the Annual Affidavit.  We plan to mail the forms out in late April, with a return date at the end of June. 

♦ We have been advised that the Group Insurance Commission (GIC) will also send out information about the Open Enrollment season for health insurance during April and May.  All enrollments and changes are handled by the Town's Human Resources Department at Town Hall, 75 Middle Street.