El Paso employees retirement trust posts fiscal‑year gains; managers outline bond, private equity positioning

At a Sept. 17 regular meeting, the City of El Paso Employees Retirement Trust reported net assets available for benefits of approximately $1,057,000,000 for the fiscal year ended Aug. 31, 2025, and heard investment reports from BlackRock, Future Standard (the rebranded Portfolio Advisors) and Kellan LLC.

The numbers were presented by Louis Meyer, who presented the treasurer’s report showing that total cash and investments were roughly $1,053,000,000, up about $22,000,000 from the prior month. Meyer said net investment income for the year was approximately $92,000,000 and that total receipts for the 12 months were about $63,000,000. After deductions — benefits paid to retirees of roughly $83,000,000 and refunds of about $4,300,000 — the trust recorded a year‑to‑date net increase of about $66,000,000.

"Total cash and investments was approximately 1,053,000,000, which is up 22,000,000 from the prior month," Meyer said while reviewing the statements of net assets and the statements of changes in net assets available for benefits.

Nut graf: Trustees were told the plan’s fiscal‑year return exceeded its 7.25% actuarial discount rate, a central measure of funded‑status progress; managers and consultants used the meeting to explain recent performance drivers and portfolio positioning going into the current quarter.

BlackRock…