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Investment manager reports pension fund is now north of $600 million; Q1 downswing offset by diversification
Summary
Lee Martin of Marketing Associates told York County commissioners on July 16 that the county pension fund is “north of 600,000,000,” and that diversification into higher‑quality equities, real estate, infrastructure and private markets helped the fund outperform its policy benchmark during a weak quarter.
Lee Martin, managing director at Marketing Associates, gave the York County Board of Commissioners a quarterly investment update on July 16 saying the pension fund has climbed “north of 600,000,000” and that recent diversification helped limit losses in a down market.
Martin said the fund finished the first quarter ahead of its policy index over that period and “you're about 100 basis points ahead of your benchmark in that down market period,” attributing the relative performance to allocations toward higher‑quality equities, real estate, infrastructure and…
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