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Marquette Associates reviews Q4 performance; committee approves report
Summary
Marquette Associates summarized fourth‑quarter 2024 market impacts, noted U.S. equity outperformance and relative active manager headwinds, and the committee approved the investment performance report.
Mr. Wing, an investment consultant from Marquette Associates, briefed the governance committee on Feb. 27 about fourth‑quarter 2024 market performance and how it affected plan options. “Specifically, there wasn't a lot that posted gains in Q4. ... US equities actually posted a marginal gain of about 2.6%, whereas their international counterparts ... were deeply negative,” Mr. Wing said, explaining that U.S. dollar strength weighed on non‑U.S. returns.
Wing outlined three plan‑relevant tilts that helped performance for certain fund families: (1) an overweight to U.S. equities; (2) relatively larger…
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