Chapter 18, Problem 3CP

Summary Introduction

(a)

Case summary:

A municipal pension fund named city of alpine's employee retirement plan is managed by a portfolio manager, Carl Karl, for the alpine trust company since 2020. As the city services and employee payrolls have expanded in last 10 years shows that alpine is on growth as it also seen that contributions to the plan in 2025 exceeds the benefit by three-to-one ratio.

Further, five years ago, trustees had advised Karl to invest for long term with the returns earned. They also put a restriction that the investment in common stocks should be less than $25\%$ of the plan assets.

The character in this case:

Trustees of alpine trust, Karl

To determine:

The answers and satisfactory explanations to the comments given by the trustee after looking at the Karl performance

Introduction:

The portfolio manager is responsible for the investment of returns for long term and was restricted by some conditions and has worked as per his expertise.

Summary Introduction

(b)

Case summary:

A municipal pension fund named city of alpine's employee retirement plan is managed by a portfolio manager, Carl Karl, for the alpine trust company since 2020. As the city services and employee payrolls have expanded in last 10 years shows that alpine is on growth as it also seen that contributions to the plan in 2025 exceeds the benefit by three-to-one ratio.

Further, five years ago, trustees had advised Karl to invest for long term with the returns earned. They also put a restriction that the investment in common stocks should be less than $25\%$ of the plan assets.

The character in this case:

Trustees of alpine trust, Karl

To determine:

The answers and satisfactory explanations to the comments given by the trustee after looking at the Karl performance

Introduction:

The portfolio manager is responsible for the investment of returns for long term and was restricted by some conditions and has worked as per his expertise.

Summary Introduction

(c)

Case summary:

A municipal pension fund named city of alpine's employee retirement plan is managed by a portfolio manager, Carl Karl, for the alpine trust company since 2020. As the city services and employee payrolls have expanded in last 10 years shows that alpine is on growth as it also seen that contributions to the plan in 2025 exceeds the benefit by three-to-one ratio.

Further, five years ago, trustees had advised Karl to invest for long term with the returns earned. They also put a restriction that the investment in common stocks should be less than $25\%$ of the plan assets.

The character in this case:

Trustees of alpine trust, Karl

To determine:

The answers and satisfactory explanations to the comments given by the trustee after looking at the Karl performance

Introduction:

The portfolio manager is responsible for the investment of returns for long term and was restricted by some conditions and has worked as per his expertise.

Summary Introduction

(d)

Case summary:

A municipal pension fund named city of alpine's employee retirement plan is managed by a portfolio manager, Carl Karl, for the alpine trust company since 2020. As the city services and employee payrolls have expanded in last 10 years shows that alpine is on growth as it also seen that contributions to the plan in 2025 exceeds the benefit by three-to-one ratio.

Further, five years ago, trustees had advised Karl to invest for long term with the returns earned. They also put a restriction that the investment in common stocks should be less than $25\%$ of the plan assets.

The character in this case:

Trustees of alpine trust, Karl

To determine:

The answers and satisfactory explanations to the comments given by the trustee after looking at the Karl performance

Introduction:

The portfolio manager is responsible for the investment of returns for long term and was restricted by some conditions and has worked as per his expertise.

Summary Introduction

(e)

Case summary:

A municipal pension fund named city of alpine's employee retirement plan is managed by a portfolio manager, Carl Karl, for the alpine trust company since 2020. As the city services and employee payrolls have expanded in last 10 years shows that alpine is on growth as it also seen that contributions to the plan in 2025 exceeds the benefit by three-to-one ratio.

Further, five years ago, trustees had advised Karl to invest for long term with the returns earned. They also put a restriction that the investment in common stocks should be less than $25\%$ of the plan assets.

The character in this case:

Trustees of alpine trust, Karl

To determine:

The answers and satisfactory explanations to the comments given by the trustee after looking at the Karl performance

Introduction:

The portfolio manager is responsible for the investment of returns for long term and was restricted by some conditions and has worked as per his expertise.