Police Employee Pension Board Minutes 09-12-2013 CITY OF ATLANTIC BEACH
BOARD OF TRUSTEES OF THE ATLANTIC BEACH PENSION FUND
POLICE EMPLOYEES' PENSION BOARD MEETING
MEETING MINUTES
September 12,2013
1. The City of Atlantic Beach Police Employees' Pension Board meeting was called to order at
6:30 P.M. The members in attendance were trustees: Vic Gualillo, David Cameron, John Wolfel,
Bill Tomson,and Tim Saggau. Nelson Van Liere, Pension Plan Administrator and Investment
Advisor Michael O'Shields were also in attendance.
2. Approval of the minutes from the Police Employee Retirement System August 15,2013
meeting. Motion to approve was made by Vic Gualillo and seconded by David Cameron. The vote
was unanimous to approve.
3. Michael O'Shields led the discussion on the investment performance for the month of August
including year to date information. Discussion related to current equity and bond investment
allocation. Current quarterly performance has resulted in a$191,413 gain with a current ending
portfolio value of$7,298,520 which represents a 2.7%net return for the quarter as of 9/10/13. The
board agreed to maintain current aggressive strategy due to expected favorable conditions for
September.
4. Adjournment—the meeting was adjourned at 6:50 PM.
Vic Gualillo David Cameron
Chair Secretary
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