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Pension consultants cite strong 2025 returns, warn of AI concentration and flag one fund on watch
Summary
Fiduciary consultants told the Simsbury Board of Finance that pension portfolios returned about 14% in calendar 2025 and that heavy exposure to large U.S. companies tied to AI poses concentration risk; they placed a real estate fund on watch pending management changes.
Consultants from Fiduciant presented market themes and pension performance to the Board of Finance on Feb. 17, reporting strong calendar-year 2025 returns and outlining risks for the town's pension and OPEB portfolios.
Kate Pizzi of Fiduciant told the board that international stocks outperformed U.S. stocks in 2025, citing a gain "over 30%" for international equities versus about 17% for U.S. large-cap markets, and that bonds also produced positive returns. She said the board’s portfolios benefited from those markets and produced strong returns: "The portfolio…
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