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Stifel and Dearborn report positive returns on county pension; managers recommend no allocation changes
Lebanon County Board of Commissioners · November 24, 2025
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Summary
Stifel Financial and Dearborn Investments presented the quarterly pension report showing multi-quarter gains, an unaudited current balance of about $140.6 million and a year-to-date return near 8%; managers recommended no changes to the target allocation.
Investment managers Stifel Financial and Dearborn Investments presented the Lebanon County pension report for the third quarter (July'September) and gave commissioners an update on more recent market moves.
Brett Holland of Stifel said the fund began the quarter near $141.97 million and recorded a third-quarter…
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