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Fayetteville police pension: advisers report flat first quarter after strong 2024, warn of recent market volatility
Summary
MAI Capital Management, the pension fund’s investment adviser, told the Fayetteville Police Pension and Relief Fund Board of Trustees on April 17 that the plan’s portfolio finished 2024 with a gain just under 11% and that performance through the first quarter of 2025 was essentially flat.
MAI Capital Management, the pension fund’s investment adviser, told the Fayetteville Police Pension and Relief Fund Board of Trustees on April 17 that the plan’s portfolio finished 2024 with a gain just under 11% and that performance through the first quarter of 2025 was essentially flat.
“Portfolio was up a little north of 10%, just under 11%,” said Russ, MAI Capital representative. He said stocks and bonds were both strong in 2024 and that the firm remains close to the board’s target asset allocation, historically managed near a 60% equity / 40% fixed-income mix. Russ said MAI had deployed some assets into money-market instruments…
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