Russell Investments reports quarterly gains, affirms portfolio changes to New Canaan retirement plan

Zach O'Grady, a Russell Investments representative, told the New Canaan Retirement Plan Advisory Committee on Nov. 11, 2025, that the retirement plan started the third quarter at about $183.09 million, had net flows of about $1.6 million and "a net investment gain over the quarter of just over $9,600,000, ending balance there of a $191,590,000."

The presentation, led by Russell Investments staff including Justin Owen and Zach O'Grady, reviewed changes the committee approved in a prior meeting and showed that the implemented strategic allocation — described in the packet as "portfolio D" — is largely in place. O'Grady said the packet includes both market-value snapshots (page 6) and strategic-target rollups from the earlier May strategic review (appendix material on page 42), and noted the appendix labels could be clearer. "We lifted the slides that we had from…