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Marquette: Murfreesboro portfolio at about $82.2M; consultant urges modest allocation and reporting tweaks
Summary
Marquette representative Tim reported the portfolio at about $82.2 million and recommended increasing infrastructure and private-credit allocations, adding a third private-equity manager with a $3 million commitment, and adding a second reporting benchmark tied to Exhibit A rather than rewriting policy text. The board discussed but deferred formal vote until a revised policy is circulated.
Marquette investment consultant Tim told the Murfreesboro board on Feb. 23 that the portfolio stood at about $82.2 million as of January and reviewed market drivers that have shifted returns from large-cap technology toward small-cap, value and international stocks.
“We're up to about $82,000,000, so that's a good sign,” Tim said, adding that 2025 had been a strong year for most asset classes but that January showed a rotation in performance. He described renewed volatility tied to tariff talk and an industry-wide reassessment of where artificial intelligence will help or hurt corporate profitability.
Tim outlined three near-term portfolio actions: increase…
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