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ACG consultant warns of concentration risk from tech leaders; urges diversification and participant education
Summary
George Tarlos of ACG told Oklahoma City trustees that stock market gains have been concentrated in a handful of large technology companies, cited foreign market and small‑cap dynamics, and recommended diversification and ongoing participant education; the board voted to receive the consultant report unanimously.
George Tarlos of ACG, standing in for Jason Quilvos, presented a broad market and fiduciary outlook to the Oklahoma City Deferred Compensation Board on Nov. 19, emphasizing concentration risk and the importance of diversified portfolios.
Tarlos highlighted that a small group of large technology companies has driven much of the market’s recent gains; he…
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