Silvercrest updates investment strategy amid small cap market challenges

During a recent meeting of the Oklahoma City Employee Retirement System, investment managers from Silvercrest provided an update on their small-cap growth strategy, which has faced significant challenges over the past two years. Jason, a representative from Silvercrest, highlighted that small-cap investments have underperformed compared to large-cap stocks, with a notable decline of nearly 20% in the first two months of the year. Despite these difficulties, he expressed confidence in the long-term strategy and the team's capabilities.

Jim Klaus, responsible for client servicing at Silvercrest, reassured attendees that there have been no major changes in the firm's senior management or ownership structure. However, he noted a minor adjustment in the investment team, with the promotion of Roger Rama and Jeff Nevins to portfolio manager roles, reflecting the firm's commitment to career development within their ranks. New analysts have also been brought on board to support the strategy, ensuring continuity and expertise in managing investments.

The presentation underscored the importance of maintaining a diversified investment approach, especially in challenging market conditions. Klaus and his team emphasized their experience and readiness to navigate the complexities of the current financial landscape, reinforcing their dedication to the Oklahoma City Employee Retirement System's goals.

As the meeting concluded, the focus remained on the long-term outlook for small-cap investments and the ongoing commitment to providing robust management of the retirement system's assets. This discussion is crucial for Oklahoma City employees, as the performance of these investments directly impacts their retirement benefits and financial security.