By Jerry Love, LBF Communications ALEXANDRIA – The election of new officers, updates on investments and the approval of the 2017 budget highlighted the final quarterly meeting of the Louisiana Baptist Foundation Board of Trustees meeting Oct. 25. Members also learned of almost $900,000 in new donations that would benefit Louisiana Baptists’ ministries. INVESTMENT UPDATES Jim Prince of Lafayette and chairman of the investment committee had Lee Morris of Graystone Consulting bring an update on the management of the LBF’s funds and a general overview of market conditions. In his remarks to the group, Morris noted the equity portion of the portfolio is in positive territory for the quarter, but still lagging its benchmarks year-to-date. Morris said the situation was partially due to the fact that passive management (investing in index funds) had outperformed active management, and he added that he and Foundation Executive Director Wayne Taylor will move to more passive management for the LBF in the near future. He also pointed out that a U.S. Department of Labor ruling, which becomes effective April 2017, will force pension funds to shift to more passive management, causing a passive strategy to continue to … [Read more...]
Archives for November 2016
Netanyahu calls Trump ‘a true friend’ of Israel
FLOYD: America chose to make a historic statement … now what?
STARNES: Deplorable Americans decided to drain the swamp
MCKEEVER: 10 reasons not to pray for Donald Trump – and one huge one for
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Archaeologists discover ancient Jewish artifacts, part of Jerusalem walls
Ancient Egyptian causeway discovered in Aswan
Evangelicals back Trump in record numbers
VIDEO: How we should live now
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