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Vice mayor says pension allocations underperformed; pension board tables action pending fuller review
Summary
The vice mayor presented an analysis alleging private real-estate funds materially underperformed a REIT index alternative and asked the pension board to reconsider allocations; the item was tabled for a future meeting because town appointees were absent.
The council heard a presentation from the vice mayor highlighting that the town's pension portfolio allocation to private real-estate funds underperformed a low-cost REIT index alternative by a substantial margin, and the pension board tabled any town-level action until a fuller committee could consider the analysis.
"If instead of buying these…
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