Minutes - 06/05/2008 - Police Pension Fund BoardVILLAGE OF OAK BROOK
BOARD OF TRUSTEES OF THE POLICE PENSION FUND - Minutes
June 5 2008
UNOFFICIAL UNTIL APPROVED AS WRITTEN
OR AS AMENDED BY BOARD OF TRUSTEES OF THE
POLICE PENSION FUND ON
CALL TO ORDER:
The Special Meeting of the Board of Trustees of the Oak Brook Police Pension Fund was called to order by
President Birdsall at 9:21 a.m. in the Upper Level Conference Room of the Butler Government Center,
1200 Oak Brook Road, Oak Brook, Illinois,
2. ROLL CALL:
The roll was called with the following persons
PRESENT: Secretary Alan Feldman, Trustee Susan Templeton, President Robert Birdsall
ABSENT: Vice President Michael Hall, Trustee Badowski
IN ATTENDANCE: Darrell Langlois, Finance Director, Lowery Asset Consulting, LLC Representatives:
Phillip Kosmala, Jeffrey Grenchik, Sawyer Falduto Asset Management, LLC Representatives: Tom Sawyer,
John Falduto and RMB Capital Management, LLC Representatives: Richard Burridge, Chip Travis.
3. APPROVAL OF MINUTES:
4. UNFINISHED BUSINESS
a. Interviews of Investment Consultants and Money Managers
1. Lowery Asset Consulting, LLC
2. Sawyer Falduto Asset Management, LLC
3. RMB Capital Management, LLC
Discussion regarding making recommendation to the full Board to hire Lowery Asset Consulting, LLC as
investment manager to oversee the mutual fund allocation for equity investments as well as utilizing their
services to review the performance of the current fixed income manager and appropriate recommendation
as to the fund custodian. Trustee Templeton will handle asking Lowery for a contract. Lowery's
presentation will be forwarded to Trustee Badowski and Trustee Torlo for their review. Inquiries will be
made as to the availability of the Board to have a special meeting in June regarding recommending and
possibly having Lowery make a presentation to the full Board.
5. ADJOURNMENT
Motion by Trustee Templeton, seconded by Secretary Feldman, to adjourn the meeting at 12:50 p.m
VOICE VOTE: Motion carried.
ATTEST:
Alan Feldman, Secretary
Rosemary A. Kane, Recording Secretary
BOARD OF TRUSTEES OF THE POLICE PENSION FUND
Minutes Page 1 of 1 June 5, 2008