Minutes - 05/15/2008 - Police Pension Fund BoardVILLAGE OF OAK BROOK
BOARD OF TRUSTEES OF THE POLICE PENSION FUND - Minutes
May 15, 2008
UNOFFICIAL UNTIL APPROVED AS WRITTEN
OR AS AMENDED BY BOARD OF TRUSTEES OF THE
POLICE PENSION FUND ON
1 CALL TO ORDER
The Annual Members Meeting of the Board of Trustees of the Oak Brook Police Pension Fund was called
to order by President Birdsall at 7 20 p m at the Bath & Tennis Clubhouse of the Oak Brook Bath & Tennis
Club, 800 Oak Brook Road, Oak Brook, Illinois Re- elected members, Robert Birdsall and Richard
Badowski, newly elected member, Velia Torlo and re- appointed member, Alan Feldman, were all sworn in
by Deputy Village Clerk, Carol Harty, prior to the start of the meeting
2 ROLL CALL
The roll was called with the following persons
PRESENT President Birdsall, Secretary Feldman, Trustee Badowski
ABSENT Vice President Hall, Trustee Templeton left pnor to start of meeting
IN ATTENDANCE Velia Torlo, MB Financial Representatives Terese Krafcheck, Robert Thompson,
James Hrabak
3 APPROVAL OF MINUTES
4 NEW BUSINESS
a MB Financial Investment Management Presentation for the period of January 1, 2008 through April
30, 2008
Mr Thompson and Mr Hrabak summarized the current market stating that the housing market is still in a
deep slump, but the economy has been able to weather the storm respectably Mr Hrabak stated that,
unlike the last recession, a strong rebound is not predicted, even though the market is beginning to behave
as though the worst is behind us He stated that on a more positive note, the fixed income market
(especially Treasuries) look to give back some of its recent returns and equities continue to look attractive,
especially emerging markets
The Money Market return for the first quarter was 0 86 %, Fixed Income return was 3 66 %, Equity return
was -9 10 %, with a total account return of -1 80%
The current portfolio allocation of The Fund for Money Market was 1 %, Fixed Income Securities were 58%
and the Equity Securities was 41% The equity sector allocation for Large Capitalization US Stocks was
60 %, Small Capitalization US Stocks was 17 %, International Stocks was 18% and REIT Fund was 5%
Since inception the annual long -term portfolio performance was 7 26 %, stocks 5 9 %, bonds 5 9% and T-
bills 3 77%
5 ADJOURNMENT
Motion by Trustee Badowski, seconded by Secretary Feldman, to adjourn the meeting at p m
VOICE VOTE Motion carried
ATTEST
/s/ Alan Feldman /s/ Rosemary A Kane
Alan Feldman, Secretary Rosemary A Kane, Recording Secretary
BOARD OF TRUSTEES OF THE POLICE PENSION FUND
Minutes Page 1 of 1 May 15, 2008