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Bar investments remain vibrant.

Returns on Florida Bar investments have continued to be strong through the spring, despite a temporary setback when the stock market fluctuated early in the season.

Investment Committee Chair Ian Comisky reported to the Board of Governors in late May that the Bar's investment account totaled $15.748 million, up from $14.277 million at the start of the 2003-04 fiscal year.

Gyrations in the financial markets had dropped the fund's value as low as $15.3 million, Comisky said, while it had peaked at just over $16 million.

He noted the Investment Committee had shifted Bar investment to cushion the impacts of changes in the financial markets, which has helped preserve Bar earnings.
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Publication:Florida Bar News
Date:Jul 1, 2004
Words:114
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