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CS McKee reports double-digit 2024 gains; board approves fourth-quarter performance report
Summary
At a Lackawanna County pension board meeting, investment adviser CS McKee reported that the retirement fund returned more than 12% in 2024 and the board voted to approve the firm's fourth‑quarter performance report. Presenters highlighted $220 million in assets and a tilt toward domestic equity and fixed income.
At a meeting of the Lackawanna County Employees Retirement Fund pension board, CS McKee reported the fund returned over 12% in 2024 and the board approved the firm's fourth‑quarter performance report.
CS McKee president Mark Gensheimer told trustees the fund grew by approximately $18,000,000 last year and that the portfolio is “up over $220,000,000,” with an allocation near target: roughly 50% domestic equity, about 10–11% international and the…
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