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Lawrence County retirement fund posts 11.3% gain for 2024; consultant recommends manager shifts
Summary
The Lawrence County Retirement Board on Tuesday heard a quarterly investment report from Sarah Wilson, an investment consultant with Marquette Associates, who told the board the plan’s market value was about $104,000,000 and that the fund returned 11.3% for calendar year 2024, producing an investment gain of roughly $11,000,000.
The Lawrence County Retirement Board on Tuesday heard a quarterly investment report from Sarah Wilson, an investment consultant with Marquette Associates, who told the board the plan’s market value was about $104,000,000 and that the fund returned 11.3% for calendar year 2024, producing an investment gain of roughly $11,000,000.
Wilson summarized market conditions and changes Marquette has recommended for the county’s portfolio. She said the firm is shifting part of the equity lineup — moving half of the position held with Artisan into a global growth manager, WCM, and building a collective investment trust (CIT) to lower fees. She also reported that Marquette’s OCIO committee removed one non‑U.S. equity manager from the fund and placed that exposure into an index vehicle while the firm searches for a replacement.
"Going forward,…
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