Retirement Trust Board hears market volatility briefing; trustees probe asset-allocation options

The El Paso City Retirement Trust Board received its monthly treasurer—s and investment reports and discussed portfolio positioning amid recent market volatility, with trustees asking staff and consultants to review asset-allocation options.

Treasurer Louis Meyer presented the monthly financial statements, saying the trust—s "total cash and investments [are] approximately 979,000,000" and that net assets available for benefits were "approximately 980,000,000" as of March 31. Meyer summarized seven-month and one-month flows: roughly $36 million in receipts for the seven months, net investment income near $5.1 million and benefits paid to retirees of about $47.9 million for the same period, producing a year-to-date net decrease on the statements presented.

Callan and Kellum LLC representatives told trustees that markets remained volatile after the March report. A Kellum presenter said the trust recorded an unrealized investment loss for the month of…