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Mixed returns in February; board presses consultant for manager‑fee review
2703569 · March 19, 2025
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Summary
ISERS staff reported mixed investment returns for February 2025, highlighted capital calls and distributions, and trustees pressed for an update on manager fee reviews being conducted by the system’s consultant.
ISERS investment staff reported the fund posted mixed results for February 2025 and trustees asked for follow‑up on manager fee concerns.
Scott (investment staff) told the board that the BlackRock Russell 3000 account returned negative 1.92% for the month, while the system’s two other equity managers (EF and Dimensional) were up…
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