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Elevate Pension Board recommends updated asset‑allocation targets and benchmarks to city council
5763628 · May 2, 2025
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Summary
The board recommended changes to the investment guidelines — lowering target real‑estate to 5% and increasing private equity to 7.5% among other tweaks — and voted to forward the amended guidelines to the city council for approval.
The Elevate Pension Board voted to recommend updates to the plan’s investment guidelines and benchmark allocations to the city council.
Consultants highlighted modest target changes: real estate target lowered to 5% while private equity target was increased to 7.5%. The…
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