GSU Defense Fund Directors meet, review first quarter report

A conference call meeting of the board of directors of the GSU Defense Fund was held on Wednesday, April 28.

The directors received and reviewed RBC’s first quarter report for 2021 which indicates a modest improvement of .39 percent in the portfolio’s market value. The combined market value of the Fund’s cash deposits at Affinity Credit Union plus its investments with RBC is $5.3 million.

The directors will examine whether there is merit in shifting the Fund’s investment strategy to mirror the S&P 500 index when they next meet with representatives from RBC.

Wilfred Harris (Local 1 (Viterra) – Carnduff), Darryl Knelsen (Local 1 (Viterra) – Fairlight), Sheldon Reiss (Local 1 (Viterra) – Regina), Barb Healey (Local 14 (Richardson) – Edenwold) and Doug Kampman (Local 8 (Advance) – Regina) were elected directors by delegates to GSU’s 2021 policy convention.

Hugh Wagner provides administrative advice and expertise to the directors. GSU finance representative Debbie Head provides financial accounting and reporting services to the board.