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Montgomery County retirement board hears CFO; members urged to ‘stay the course’ as markets show uncertainty
Summary
The Montgomery County Employees Retirement Board met May 1, 2025, approved March minutes and heard a comprehensive update from the board’s CFO who described recent returns, international exposure benefits and advised against reactive changes to the plan’s strategic asset allocation.
Montgomery County — The Montgomery County Employees Retirement Board approved its March 6, 2025 minutes and spent the bulk of its May 1 meeting hearing a detailed retirement-plan and market update from the board’s chief financial officer.
The CFO told the board the plan’s report shows headline assets and noted the report is "roughly $31,000,000 annualized." He summarized first-quarter results and said diversification across equities, bonds and alternative strategies helped stabilize returns. The CFO said international and emerging-market exposure provided a benefit as a softer dollar boosted translated returns.
Why it matters: the board oversees retirement assets for…
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