Investment Committee Memo

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The group interviewed the following managers: Recommendations • Goldman Sachs Asset Management • AXA Rosenberg Investment Management Global Asset Management • Lotsoff Capital Management The group recommends the selection of two domestic equity fund managers: • Goldman Sachs Asset Management as the new domestic equity fund manager with an enhanced index philosophy. Target Asset Class Allowable Range Benchmark 63 58-68 Wilshire 5000 Large Cap Core (Active) Index Large Cap Enhanced Index Index Mid Cap Growth Small Cap Value 5 3-7 Value U.S. Equities U.S. Bonds Core International Equities Other asset classes to be added in the future.


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