Public Employees' Retirement Board, Department of Administration, Financial Audit for the Fiscal Year Ended .. 2001
The book Public Employees' Retirement Board, Department of Administration, Financial Audit for the Fiscal Year Ended .. 2001 was written by author Montana. Legislature. Legislative Audit Division Here you can read free online of Public Employees' Retirement Board, Department of Administration, Financial Audit for the Fiscal Year Ended .. 2001 book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Public Employees' Retirement Board, Department of Administration, Financial Audit for the Fiscal Year Ended .. 2001 a good or bad book?
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Proceeds from the sale of secu- rities were invested in the STIP. On May 2, 2001, the STIP investment was liqui- dated and the related STIP earnings were distributed to the MTRP participants as of A-IS June 1, 2001. All units outstanding were sold in March, April and May 2001 at unit pnces of $496, $487 and $477, re- spectively. As of June 30, 2001, all ac- counts related to the Montana Real Es- tate Pool reported a zero balance. Other Investments include venture capital, leveraged buy-outs, re...al estate, mortgages and loans for the pension trust funds. Venture capital represents private equity investments in early-stage financing of rapidly growing companies with an innovative product or service. Leveraged buy-outs permit investment groups to acquire a company by lever- aging debt, as a financing technique, to establish a significant ownership posi- tion on behalf of the company's current management team. The Other Invest- ments portfolio holds real estate invest- ments for the pension trust funds.
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