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Glynn County pension fund posts 11.93% fiscal-year return; assets about $159 million
Summary
At a Jan. 15 meeting, the Glynn County Pension Committee received a quarterly portfolio report from David Kelly showing a fiscal-year net-of-fees return of 11.93%, a five‑year smoothed return of 8.81% and total plan assets roughly $159 million; committee members had no substantive questions beyond clarifying market risks and training schedules.
David Kelly presented Glynn County’s quarterly pension portfolio report at the Pension Committee meeting on Jan. 15, saying “for the fiscal year, net of fees, we did 11.93%.” The report, distributed in the committee packet, also listed a five‑year smoothed return of 8.81% and total plan assets of about $159,000,000.
Kelly described a recovery in the plan’s performance over 2025: “we have battled back from really mid April to December 31 from a minus 14 to a positive 12,” he said, and added that the plan’s target return is 7%. He reported the plan holds roughly $3,000,000 in cash, equities valuing about $120,000,000 (approximately 75.5% of the portfolio) and that the equity allocation is slightly above the…
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