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Thursday, April 2, 2015

Oxford Municipal Reserve and Trust Fund Board of Trustees

City fund earns $5M

The funds from the sale of Baptist Memorial Hospital-North Mississippi have earned just over $5 million since its inception and some city city leaders want to borrow a bit to help build a new activity center. 

 (February 11, 2015, Page 1A)

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    City fund seesaws

    The $30 million the city has invested from the sale of Baptist Memorial Hospital-North Mississippi has earned more than $4 million to date, slipping a bit in September, but rebounding by the end of October. (November 20, 2014, Page 1A)

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      City’s trust fund continues to grow

      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)

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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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          City’s investment funds rebound

          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)

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            City’s investments dip then rebound

            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)

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              Baptist funds increase through investments

              Since acquiring the $30 million from the sale of Baptist Memorial Hospital’s current facility in August, the city has earned an additional $123m794 by investing the money. (July 3, 2012, Page 3)

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                Trustees select firm to invest city’s $30 million

                The Oxford Municipal Reserve and Trust Fund Board of Trustees voted unanimously Thursday to select Philadelphia, Pa.,-based Glenmede to serve as the investment manager of the city’s newly acquired $30 million from the sale of Baptist Memorial Hospital-North Mississippi. (February 24, 2012, Page 1A)

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