The $30 million invested a little over two years ago from the sale of Baptist is now worth $34 million, according to representatives from investment firm, Glenmede, who presented the quarterly report to the Oxford Municipal Reserve and Trust Fund Committee Tuesday. (August 13, 2014, Page 1A, 12)
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)