Fund’s money managers bullish on Red Cross

Posted on Oct 16 2008

At the recent meeting of the 8th Annual Pacific Region Investment Conference in Manila, the Philippines, several of the NMI Retirement Fund’s money managers showed their continuing support for the CNMI by making donations to the American Red Cross NMI Chapter.

“It’s great to see that these firms recognize a commitment to help those in need in communities in which they do business,” said John Hirsh, Red Cross executive director. “Even though they may not have an office here in the Commonwealth, they’re supporting the local work and the Red Cross mission of improving lives here in our community.”

Donations ranging up to $10,000 were received from Renaissance Investment Management, Atalanta Sossnoff, Merrill Lynch, Richmond Capital Management, Nicholas Appelgate CM LLC, and Franklin Templeton Institutional.

These companies handle the international investment portfolio of the Fund, under the general supervision of Merrill Lynch. [B][I](PR)[/I][/B]

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