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Pension fund reaches $143.2 million; Washington Crossing presents investment update and cautious strategy
Summary
Lebanon County’s pension plan balance was reported at $143,238,201 as of Aug. 20; investment managers Washington Crossing described a lower-volatility, quality-focused equity strategy and trustees discussed raising about $3 million into laddered Treasury bills.
Lebanon County pension trustees received a quarterly and year-to-date report on the pension portfolio and heard a presentation from Washington Crossing Advisors.
Washington Crossing representatives, including Chad Morgan Lander (chief investment officer and senior portfolio manager), reviewed performance figures for the period ending June 30 and provided an unaudited year-to-date update through Aug. 20. The second quarter return was reported at 4.82% and the one-year return at 9.7%…
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