NEPC recommends MSCI benchmarks; trustees ask for revised IPS and April performance flash
NEPC recommended switching private-market benchmarks in the investment policy statement to MSCI and presented a preliminary investment "flash" report for April 30, 2026; the board asked NEPC to revise the IPS and return the document for a vote at the next meeting.
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Michael Sullivan of NEPC told the New Castle County Government Employees’ Pension Program Board of Trustees on May 20 that NEPC proposes switching private-market benchmarks from Cambridge to MSCI in the plan’s investment policy statement (IPS). NEPC will prepare the revised IPS language and circulate it to trustees for review ahead of a vote at the board’s next meeting.
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