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Investment consultant: Edgewater police pension near $16.3 million, posts strong year-to-date returns
Summary
An investment consultant told the Edgewater Police Pension Board the fund stood around $16.2–16.3 million and ranked well relative to peers, citing mid-single-digit to low-double-digit returns across multi-year periods and noting cash position and manager performance.
The Edgewater Police Pension Fund stood at about $16.2–$16.3 million as of the board’s June 10 meeting, an investment consultant told trustees.
"As of this morning, that was right at 16,300,000," the consultant said, summarizing the fund’s current level and recent returns. He said quarter-to-date and year-to-date performance placed the plan above many peers on multi-year horizons.
Why it matters: Fund value and manager performance determine how well the pension can meet obligations to retired officers and affect employer contribution planning.
The consultant walked trustees through asset-class results and manager performance, noting domestic equity exposure via a Vanguard large-cap index, bond holdings managed by Integrity, and a real-estate allocation managed by American AFRA. He said the plan’s multi-year returns—measured over three, five, seven and 10 years—put the fund “in the 10 percentile amongst half,” and added that an additional roughly 0.75 percentage point could be added to headline numbers under certain accounting conventions.
He described a relatively high cash position and said cash yields were providing an annualized return around 5% while the Federal Reserve held rates steady. On risk drivers, he flagged recent AI-sector volatility as a contributor to market swings but said the portfolio’s diversified managers had generally navigated the period well.
Board members asked clarifying questions; no formal action on investments was taken at the meeting.
The consultant’s slides and further detail on manager-level returns and rankings were referenced during the presentation; trustees said they would continue to monitor performance and review manager allocations at future meetings.
