Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Glynn County investment adviser recommends holding equity positions amid tariff-driven volatility
Summary
At the April 17 Glynn County Pension Committee meeting, Bowen, Haines and Company reviewed the pension fund's quarterly performance, noted recent tariff-driven market volatility and advised maintaining a domestic-equity tilt while incrementally using cash for select purchases.
David, an investment adviser with Bowen, Haines and Company, told the Glynn County Pension Committee on April 17 that the firm's recommendation is to "stay equities, stay more domestic" and to avoid market timing despite recent tariff-driven volatility.
The firm presented the fund's quarterly profile and holdings, showing a mix of stocks, bonds and cash and describing recent trades and sector performance. "We manage 4 and a half billion dollars ... our decision right now is to stay equities, stay more domestic," David said, adding that pension money is long term and the board should avoid short-term market timing.
Why it matters: The pension fund's returns affect long-term solvency and benefit payments for retirees. Committee members heard that the fund has returned strong multi-year performance but has registered a down period early in the current fiscal year, and managers outlined the rationale for remaining invested.
Bowen, Haines reported portfolio composition and recent activity. David said the portfolio includes about $32,000,000 in…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
