Alcor’s former Treasurer and Chief Financial Officer, Jennifer Chapman, has been made Executive Director of Alcor. Tanya Jones has decided to pursue other opportunities, but has agreed to serve as Special Projects Director until the end of February. The board and staff thank Tanya for her many years of service going back to the 1990s, and wish Jennifer well in her new role.
Nationally certified paramedic Aaron Drake has joined the staff of Alcor as Transport Coordinator. Aaron brings with him years of experience as a firefighter, paramedic, cardiac technician, and FEMA disaster response worker. He is an enthusiastic addition to the Alcor team.
The Alcor Patient Care Trust (PCT) was under the active management of
Morgan Stanley advisors and was protected from some of the market
drop. The SP500 lost approximately 38% of its value in 2008 while the
Alcor PCT lost approximately 23% of its value in 2008. Despite this
clear over-performance in 2008, the PCT Board was not satisfied with
the absolute drop in the PCT.
Therefore, we have taken the following steps for 2009:
(a) added a new PCT Board member, with extensive
investing experience, to help set up a long term management program for the PCT;
(b) significantly reduced our market exposure while still expecting reasonable returns in the future;
(c) made the decision to regularly publish information about the PCT performance on the Alcor web site as soon as our volunteers complete the reporting.