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El Paso city employees retirement trust reports $1.103 billion in assets; managers cite strong private‑market performance
Summary
Treasurer Joe Espino reported assets available for benefits of roughly $1.103 billion as of Dec. 31, 2025. Investment advisers told the board private markets delivered strong returns and staff described recent rebalancing after a manager termination.
Joe Espino, the trust’s treasurer, told the City of El Paso Employees Retirement Trust board on Jan. 31 that the fund held about $1.103 billion in assets available for benefits as of Dec. 31, 2025. The statement shows cash and investments of roughly $1.097 billion, receivables of $3.8 million and a small liability of about $31,000, with year‑to‑date employer and employee contributions of $22.2 million and net investment income of $555.4 million.
Espino said benefits paid to retirees totaled $28.5 million for the period and that operating expenses and refunds reduced but did not offset investment gains, producing a net increase in plan assets of about $46.3…
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