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Tag Archives: trust fund

Board chooses firms to manage hospital trust fund

COLUMBUS — Two financial firms have been selected to manage Lowndes County’s $30-million hospital trust fund. The Lowndes County Reserve and Trust Fund board of trustees voted unanimously Tuesday to select Stephens Capital Management and Renasant Wealth Management to manage and invest the money from the county’s hospital sale. Twelve firms had initially offered proposals. The board selected three to ...

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Financial firms in competition for hospital trust fund

COLUMBUS — Twelve financial firms have submitted proposals to manage Lowndes County’s $30 million hospital trust fund. The county wants a bigger return on its investment of those funds. Board of Supervisors president Harry Sanders told the Commercial Dispatch that the county hopes the 0.2 percent ($60,000 annually) interest the county has recently earned on certificates of deposit will eventually ...

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Aldridge asks for new trial in trust fund-repayment case

TUPELO — State Rep. Brian Aldridge has filed a motion for a new trial after he was ordered in May to pay more than $200,000 to his aunt, whose estate was plundered by his father. The Northeast Mississippi Daily Journal reports Aldridge’s attorney, T.K. Moffett of Tupelo, filed the motion. Lee County Chancellor Michael Malski ordered Aldridge to pay Florence ...

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