Commissioners suspend investment initiatives after board member resigns
Winchester's Commissioners of Trust Funds suspend major investment initiatives after board member's exit. Patrick Campbell, chair of the board, led commissioners in halting plans to restructure the General Stabilization Fund and hire an external portfolio manager for the OPEB Irrevocable Trust
COMMISSIONERS OF TRUST FUNDS - TOWN CLERK'S OFFICE · Meeting of June 22, 2026
Winchester's Commissioners of Trust Funds suspend major investment initiatives after board member's exit. Patrick Campbell, chair of the board, led commissioners in halting plans to restructure the General Stabilization Fund and hire an external portfolio manager for the OPEB Irrevocable Trust following Select Board Member Paras Bhayani's resignation. The commissioners approved $547.96 in Library Trust Fund expenditures and received $14,840 in Cemetery Permanent Care Trust revenue from grave and niche sales, plus $100 for the Library Endowment.
Portfolio rebalancing trades were executed across the four trust funds, which held $22.5 million as of May 31.
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Source: the COMMISSIONERS OF TRUST FUNDS - TOWN CLERK'S OFFICE meeting of June 22, 2026, compiled from the official minutes.
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