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Investment consultant reports $115M market value, outperformance in selected allocations and small-cap underperformance
Summary
Marquette Associates presented the quarterly investment review to the Lawrence County Retirement Board, reporting a market value of about $115 million, a third-quarter gain of 5.2% (~$5.7M), year-to-date return of 12.3% (~$12.8M), ongoing small-cap manager weakness (Eaton Vance) and a manager replacement into WCM.
Sarah Wilson of Marquette Associates presented the retirement fund’s quarterly investment review at the Nov. 18 Lawrence County Retirement Board meeting, telling trustees the fund was in a healthy position and that Marquette made manager changes to address underperformance.
Wilson said the account’s market value as of Sept. 30 was $115,000,000 and that the fund posted a third-quarter return of 5.2%, a…
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