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OPEB investment committee reviews strong returns, private‑credit plan; approves minutes
Summary
The OPEB Trust Fund Investment Committee approved Dec. 5 minutes, heard a quarterly report showing roughly a 15% calendar‑year return and a recent market‑value update to about $236 million, and scheduled a Hamilton Lane presentation as private‑credit commitments continue.
The OPEB (Other Post Employment Benefits) Trust Fund Investment Committee met Feb. 20 and approved the Dec. 5 meeting minutes before receiving its quarterly investment report and a more current market‑value update.
Tanya, a presenter for the committee, told members the plan produced an approximately 15% calendar‑year return, with the plan’s value at about $231.6 million at the end of December and a more recent market update showing roughly $236 million in assets. She reviewed performance across equities and fixed income, noting strong results in U.S., developed international and emerging markets and fixed‑income gains driven in part by securitized strategies.
The report compared plan returns to policy benchmarks: the calendar‑year return was 15% versus a 15.1% policy benchmark, and…
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