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El Paso employees trust reports $1.036 billion in assets; trustees hear private-equity, allocation concerns
Summary
At its Aug. 20 meeting the City of El Paso Employees Retirement Trust heard the monthly treasury and investment performance reports showing net assets of about $1.036 billion, discussed private-equity concentration above policy targets and directed staff and committees to review allocation and benchmarking.
The City of El Paso Employees Retirement Trust on Aug. 20 received its monthly treasury and investment-performance reports showing net assets available for benefits of approximately $1,036,000,000 as of July 31, 2025.
Louis Meyer of the City of El Paso Comptroller's Office presented the treasury statements, saying total cash and investments were "approximately 1,031,000,000" and that receivables and liabilities were roughly $3,200,000 and $473,000 respectively. Meyer said net investment income for the 11 months was about $69,000,000 and total additions for the period were approximately $127,000,000. Benefits paid to retirees for the 11 months totaled about $76,000,000.
The trust's investment consultant from Kellum LLC, Alex Browning, gave the investment overview and economic context. Browning said the trust's fiscal-year-to-date return was…
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