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Consultant says Chester County retirement fund outpaced actuarial target; $16 million Walter Scott holding redeemed
Summary
Board presenter Bill said the Chester County retirement fund ended 2025 with a market value of $606.7 million — roughly $14 million above a 7% actuarial trajectory — and described recent portfolio moves including redeeming roughly $16 million from Walter Scott and reinvesting into a Vanguard fund.
Bill, the board’s presenter, told the Chester County Retirement Board on Feb. 23 that the county’s retirement portfolio finished the year ahead of its long‑term actuarial target. "At the end of 2025, you're ahead of your 7% actuarial rate," he said, adding the fund’s market value was $606,700,000 and that the position was "about $14,000,000 ahead" of where it would have been at a constant 7% return.
The presenter ran through macro factors affecting markets, citing AI‑related demand for memory chips and ongoing uncertainty about future interest‑rate…
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