Monday meeting
KEY ACTION Approved the retirement of Superintendent Melissa Marconi and later offered her a new five-year contract beginning Aug. 1.
DISCUSSION Marconi s existing contract expires July 31 and she is eligible for retirement. She returns as permitted by the State Teachers Retirement System, State Employees Retirement System and Ohio Revised Code.
Under Marconi s new contract, she will earn $117,862 annually. According to district Treasurer Jason Norris said Marconi is the lowest paid superintendent in the county.
The terms of the superintendent s contract remain the same. Marconi has served as the district s top educator since 2016 when longtime Superintendent Al Osler retired. Previously, she served as high school principal.
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Infinity Q Capital to liquidate hedge fund due to mispricing
Infinity Q Capital to liquidate hedge fund due to mispricing
The New York Stock Exchange reflected in a window of Federal Hall.
The liquidation of a hedge fund run by troubled manager Infinity Q Capital Management LLC could impact some asset owners because of potential losses from the same mispricing suffered in the firm s mutual fund, said investment consultants who asked not to be named.
The New York-based manager has already liquidated a mutual fund tainted by mispricing of swaps by the firm s CIO but has not publicly disclosed the planned liquidation of its $760 million hedge fund, Infinity Q Volatility Alpha Fund, which the consultants said was also subject to inaccurate valuations.
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BOSTON (Reuters) - New York investment firm Infinity Q Capital Management LLC is liquidating its hedge fund as the fallout from a U.S. regulatory probe into its valuation practices spreads, according to a person with knowledge of the matter.
FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011. REUTERS/Jonathan Ernst//File Photo
The hedge fund wind-down, first reported by Reuters, may expand the Wall Street firm’s client losses and spark further questions over who is to blame for the valuation problems first surfaced by the Securities and Exchange Commission (SEC).