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PERS: Q1 market swings cut MDC value; diversification, low fees limit damage
Summary
Representatives from Callan gave the Public Employees Retirement System of Mississippi Investment Committee a quarterly market update, saying the MDC (Mississippi Deferred Compensation) program and the Optional Retirement Plan (ORP) saw mixed returns and net outflows in the first quarter.
Representatives from Callan gave the Public Employees Retirement System of Mississippi Investment Committee a quarterly market update, saying the MDC (Mississippi Deferred Compensation) program and the Optional Retirement Plan (ORP) saw mixed returns and net outflows in the first quarter.
Alex, Callan representative, said domestic equities weakened late in the quarter amid tariff concerns and large‑cap growth and small‑cap stocks bore much of the selloff. "The S&P 500 had its worst quarter in a couple of years," Alex said, noting the index was down just under 5 percent for the quarter.
The Callan presenters said…
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