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Trustees receive quarterly investment report; approve new investment‑policy definitions and higher non‑U.S. target
Summary
Jason Pujols presented a quarterly investment report for the period ending Dec. 31, 2024, and trustees unanimously approved amendments to the trust’s Statement of Investment Policies to define large/small cap allocations, simplify fixed‑income categories, and raise the non‑U.S. equity target.
Oklahoma City — The Oklahoma City Post Employment Benefits Trust on Feb. 12 received a quarterly investment report covering the year ended Dec. 31, 2024, and approved amendments to the trust’s Statement of Investment Policies, Guidelines and Objectives to clarify targets and implementation rules.
Jason Pujols, the trust’s investment consultant, said the portfolio’s strong recent performance largely reflected a heavy allocation to U.S. large‑cap stocks. “This portfolio has a very large allocation to US large cap stocks,” he said, noting that U.S. large cap has been the best performing asset class over the last decade and represents roughly 60% of the trust’s current allocation.
Pujols reviewed performance and…
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