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Saturday, May 30, 2015

city investment

City’s Reserve and Trust Fund Board of Trustees gives nod to Glenmede

The Oxford Municpal Reserve and Trust Fund Board voted Tuesday to continue its relationship with investment firm Glenmede and attorney Robert Payne that manage the city’s $30 million investment from the sale of Baptist. (May 20, 2015, Page 1A)

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    City trust fund dips, rebounds

    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)

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