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RBC adviser: borough pension funds down modestly in quarter but up strongly year‑over‑year
Summary
RBC adviser Bruce Biesecker told the finance committee the West Chester Police Pension Fund fell about 1.7% in the most recent quarter but was up roughly 14.7% over the past 12 months; he emphasized diversification and reminded the committee that international equities have a policy target of 15% (±5%).
An RBC adviser briefed the West Chester Finance Committee on pension fund performance and strategy, urging a long‑term perspective amid recent equity market volatility.
Bruce Biesecker of RBC Wealth Management summarized performance for the most recent quarter and the trailing 12 months: “If you look at the most recent quarter, it was down 1.7% … and by the way, in calendar…
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