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Investment office reports multi‑year gains, higher growth exposure and top‑quartile peer rankings
Summary
Investment staff reported multi‑year returns that moved the plan from a bottom‑percentile ranking in 2018 to the top 20% among peers, attributed to a higher growth allocation and active manager choices; staff recommended using a higher growth allocation as a baseline for strategic planning.
The board received a report from the investment office summarizing seven years of performance and an asset‑allocation shift toward growth assets.
Investment staff said 5‑ and 7‑year returns improved materially from the 2018 baseline. Representative figures presented: five‑year returns moved to about 9.8% and seven‑year returns to about 8.1% (presenter cited June 2018 as a low base). Staff said peer ranking moved from the bottom percentile in 2018 to roughly the top 20%…
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