Despite a shaky economy and the government’s shutdown earlier this month, the city of Oxford’s $30 million investment continues to do well. (October 30, 2013, Page 2)
The Fed’s stimulus announcement in June caused the returns of Oxford’s $30 million investment to dip ending the second quarter of the fiscal year with a -0.7 percent return.
However, the Fed shortly announced it changed its position and fixed income investments rallied allowing Oxford’s returns to jump back up to 2.1 percent gain in July. (August 1, 2013, Page 1)
City will have more than $850,000 in its general fund to use for a variety of projects. The funds come from the city’s $30M received from the sale of Baptist Memorial Hospital-North Mississippi that’s being invested by investment firm, Glenmede. (May 2, 2013, Page 2)
The $30 million the city of Oxford invested from the sale of Baptist Memorial Hospital-North Mississippi have gained $809,849 in the first six months since Glenemede investments was hired by the city to manage the portfolio. (October 24, 2012, Page 1, 2)
Investment managers with Glenmede investment firm, responsible for investing the city of Oxford’s $30 million received from the sale of Baptist, spoke to the Oxford Municipal Reserve and Trust Fund Board of Trustees recently, updating them on the market outlook and Oxford’s investments. (August 3, 2012, Page 1A, 2A)