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Marquette Associates: Lawrence County fund posts trailing‑12‑month gains; consultant warns of tariff‑driven volatility
Summary
Sarah Wilson of Marquette Associates briefed the Lawrence County Retirement Board June 3 on portfolio performance through April, reporting a trailing 12‑month net return of 5.9% and $65.3 million in net investment gains since inception; she highlighted tariff‑related market volatility and reported manager lineup changes.
Sarah Wilson, the investment consultant from Marquette Associates, told the Lawrence County Retirement Board on June 3 that the county pension fund returned 5.7% for the trailing 12 months and a net investment gain of 5.9% (net of fees), with an annualized return since inception of 7.4%.
Wilson said the fund had a net investment gain of about $65,300,000 since inception and that, despite a volatile quarter driven in part by tariff concerns, the plan beat its benchmark. She told the board the fund was up year‑to‑date through April and that net cash flows for the year were about $1.3 million out, with a year‑to‑date gain of about $103,000.
On market drivers, Wilson singled out tariff…
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