Treasurer Announces New Economically Targeted Investment Program

first_imgFor immediate release:  April 9, 2007Treasurer Announces New Economically Targeted Investment ProgramMontpelier – Vermont State Treasurer Jeb Spaulding announced today that his office will soon be soliciting investment proposals for a new pension fund program intended to support economic and community development in Vermont.  This initiative stems from a policy on economically targeted investments adopted by the Vermont Pension Investment Committee, which oversees more than $3 billion in retirement funds for Vermont teachers, state employees, and municipal employees.“Our pension fund trustees work hard to protect the workers and retirees who depend on our retirement funds and this initiative will not reduce our obligation in that regard.  However, to the extent that we can support economic and community development in Vermont without sacrificing performance, it makes sense to do so,” Spaulding explained.Economically targeted investments are intended to generate market rate returns while providing collateral benefits that enhance quality of life and promote economic activity in a targeted area, in this case Vermont.  Economic or social benefits do not justify lower returns or inappropriate levels of risk.Spaulding stated that the kinds of investment opportunities that may be appropriate for the pension funds include affordable housing, energy efficiency, venture capital, or timber.  “Actually, we don’t want to limit the field of investment possibilities. We are hoping that creative minds will look over our policy and come up with some innovative proposals that meet our criteria for investment,” Spaulding explained.The program was developed to clearly articulate the criteria by which proposals will be judged and to solicit investment proposals from qualified managers once a year.  The first request for proposals window will be May 1 – June 15, 2007.  In order to be considered, proposals must, at a minimum:Target risk-adjusted, market-rate returns equivalent to or higher than other available investments in a similar asset class, andProvide a substantial, direct, and measurable benefit to economic or community development within the State of Vermont.  Any investments will be placed with an experienced and capable manager in an applicable asset class; no direct investments will be considered.Parties interested in receiving more information on the program should go to the State Treasurer’s Web site at www.vermonttreasurer.gov(link is external) or call 802-828-1452.# # # # #Barbara F. AgnewAssistant to the Treasurer109 State Street, 4th FloorMontpelier, VT  05609-6200Tel:  802-828-1452Fax: 802-828-2772last_img read more

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Melodie Jane Keith

first_imgMelodie Jane Keith, 61, of Greendale, Indiana, passed away Monday August 13, 2018 in Greendale, Indiana.She was born April 18, 1957 in Milan, IN, daughter of the late Gerald and Marilyn (Tibbs) Lutherbeck.Melodie worked as a Laborer for Campbell Hausfeld, with over 10 years of service.She was a member of the New Life Southern Baptist Church. Melodie taught aerobic classes for several years, she loved Christian music and southern gospel music. Melodie collected angels, but her greatest joy was her family.Melodie is survived by her loving spouse of 43 years Robert Keith, son, Brandon Keith of Danberry, CT; siblings, Jerry Lutherbeck of Aurora, IN, Susie (Joe) Halcomb of Versailles, IN, Tammy (Danny) Brookbank of North Vernon, IN, Ricky Lutherbeck of Lawrenceburg, IN, Wendy (Mike) Goodpaster of Lawrenceburg, IN; grandchildren, Kyle & Adriana Keith.She was preceded in death by her parents, and a brother, Randy Lutherbeck.A memorial service was held on Saturday, August 18, 2018 at the New Life Southeran Baptist Church, 19936 Schaeffer Rd., Sunman, Indiana at 6:30 pm with Brother Dwayne Barrows officiating.Contributions may be made to the New Life Southern Baptist Church. If unable to attend services, please call the funeral home office at (812) 926-1450 and we will notify the family of your donation with a card.Visit: www.rullmans.comlast_img read more

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Five-star Rasheem Green and four-star John Houston, Jr. sign with USC

first_imgIn the program’s first recruiting class since NCAA sanctions officially ended, head coach Steve Sarkisian has already produced what is considered to be one of the best classes in Trojans history. Green’s teammate, the 6-foot-3, 211-pound Houston, chose the Trojans over Miami, Oklahoma, Oregon and Arizona State. He was slated as the sixth best linebacker in the country by 247Sports and finished his three-year career at Serra with 413 tackles.  Marshall, out of local powerhouse Long Beach Poly, is expected to make his decision at 1 p.m. PST.  Should the Trojans land Marshall, USC’s 2015 class, which is currently ranked No. 2 behind Alabama by Rivals.com, could make a push for the land’s No.1-ranked recruiting class.  USC landed two more big commitments on 2015 National Signing Day when five-star defensive lineman Rasheem Green and four-star linebacker John Houston, Jr. signed with the Trojans on Wednesday. center_img Green, the No.23 national recruit according to 247Sports, chose USC over Miami and Pac-12 rivals Arizona State and Oregon.  The 2015 Under Armour All-America participant was also recruited by Martin. With the commitments of both Green and Houston now finalized, the Trojans are now only waiting on the decision of the nation’s best cornerback, in five-star recruit Iman Marshall.  The 6-foot-5, 275-pound defensive tackle  recorded 47 tackles and 20 sacks during his last two seasons at Junipero Serra High School in Gardena, California, a widely known feeder-school for USC talent. He was recruited by recruiting guru and wide receivers coach Tee Martin and defensive line coach Chris Wilson. last_img read more

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