REGULAR MEETING OF THE
MONTANA BOARD OF INVESTMENTS
DEPARTMENT OF COMMERCE
2401 Colonial Drive, 3rd Floor
Helena, Montana
Friday, April 23, 2004
AGENDA
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I.
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CALL TO ORDER |
9:00 a.m.
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A.
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Roll Call | ||
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B.
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Approval of the March 11, 2004 Regular Meeting Minutes | ||
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II.
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PUBLIC COMMENT |
9:05 a.m.
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A.
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Public Comment on Board-Related Items | ||||
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III.
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EXECUTIVE DIRECTOR REPORTS - Carroll South
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9:15 a.m.
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A.
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Budget Status Report | ||||
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B.
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Out-of-State Travel Requests | ||||
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IV.
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BOND PROGRAM - Louise Welsh |
9:30 a.m.
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A.
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INTERCAP | ||||
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1.
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Activity Report | ||||
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2.
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Staff Approved Loan Requests | ||||
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3.
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Loan Requests | ||||
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V.
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CHIEF INVESTMENT OFFICER REPORTS - Jim Penner, CFA |
9:45 a.m.
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A.
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Economic Overview - Newsletter | ||||
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B.
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Asset Allocation | ||||
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C.
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Investment Performance (Handout) | ||||
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VI.
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MONTANA LOAN PROGRAM - Delrene Rasmussen |
10:00 a.m.
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A.
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Thompson River Co-Gen, LLC. Memo | ||||
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B.
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Coal Tax Loan Program Activity Report - February & March | ||||
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C.
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Pension Mortgage Program Activity Report - February & March | ||||
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VII.
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INVESTMENT ACTIVITY - Equity |
10:15 a.m.
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A.
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Domestic Equities (Montcomp) - Rande Muffick, CFA | ||||
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1.
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Transactions - February & March | ||||
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2..
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Holdings Report | ||||
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3.
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Strategy | ||||
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B.
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Montana Private Equity Pool (MPEP) - Ed Kelly | ||||
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1.
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Transactions - February & March | ||||
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2.
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Holdings Report | ||||
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C.
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Montana International Equity Pool | ||||
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1.
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International Equity Program Review & Recommendations | ||||
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VIII.
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INVESTMENT ACTIVITY - Fixed Income |
10:45 a.m.
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| A. | Intermediate Funds - Rich Cooley, CFA | ||||
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1.
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Treasurer's Fund Transactions - February & March | ||||
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2.
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Treasurer's Fund Holdings Report | ||||
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3.
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State Fund Transactions - February & March | ||||
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4.
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State Fund Holdings Report | ||||
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5.
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Strategy | ||||
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6.
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Investment Policy Statements | ||||
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a.
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State Fund Insurance - New Fund | ||||
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b.
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Noxious Weed Management Trust Fund | ||||
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c.
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Historical Society Trust Fund | ||||
| B. | Long Term Funds - Bob Bugni, CFA | ||||
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1.
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Transactions - February & March | ||||
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2.
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Strategy | ||||
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3.
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Investment Policy Statements | ||||
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a.
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State Fund Insurance - Old Fund |
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IX.
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INVESTMENT ACTIVITY - FYI Items | ||||
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A.
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Montcomp Portfolio Additions | ||||
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1.
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Nextel | ||||
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2.
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A T & T Wireless | ||||
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3.
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Apache | ||||
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4.
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Anheuser-Busch | ||||
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5.
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Teradyne | ||||
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6.
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Suntrust Banks | ||||
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B.
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STIP Transactions/Holdings Report | ||||
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C.
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Security Lending Report | ||||
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D.
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Market Perspectives | ||||
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E.
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Educational Opportunities / Conferences / Seminars | ||||
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X.
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ADJOURNMENT |
12:00 p.m.
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The Board of Investments makes reasonable
accommodations for any known disability that may interfere with a person's
ability to participate in public meetings. Persons needing an accommodations
must notify the Board (call 444-0001) or write to P.O. Box 200126, Helena,
Montana 59620) no later than three days prior to the meeting to allow
adequate time to make needed arrangements.
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