Thursday, April 16, 2009

General Managers Report to Investment Committee

On Wednesday April 15th SIMM General Managers Dave Abriatis and Mark Larry reported to the SBU Investment Committee via conference call. Discussed was the status of the portion of the endowment fund managed by SIMM, updates on the class, investment strategies and some changes SIMM would like to make.

The Committee agreed to consider possibly switching SIMM's portion of the endowment account from the Bank of NY Mellon to an online platform, such as E-Trade or ThinkorSwim.

The General Mangers found the conference call very beneficial and a good opportunity to convey information to the Investment Committee. SIMM is looking forward to further discussions with the Investment Committee in the near future.

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