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The Board tabled its choice of a multi-asset credit manager for further review and plans to decide in December whether to renew its custody account contract. The retirement portfolio was up 9.4% over the year ending September 30.
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Board members reviewed four investment managers and showed the most support for Wellington, though some preferred Brigade or KKR and no selection was made. The Board generally favored retaining Wilmington Trust for custody services, but postponed the final decision until December. August returns were positive across all investment sectors, with the portfolio up 2.1% for the month.
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