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Board requests Aristotle holdings after consultant flags recent underperformance
Summary
ACG noted that Aristotle, a large-cap value manager hired in 2020, has underperformed its benchmark over the last 24 months; the board asked ACG to provide Aristotle—s holdings and benchmark weights for review.
Asset Consulting Group reviewed manager-level returns and flagged Aristotle for underperformance relative to its benchmark over the past 24 months, while noting Aristotle's longer-term track record had been positive. James said he would send a holdings list and benchmark comparisons to the board for further analysis.
Board members asked for a full holding list with major weights and valuation metrics and discussed whether reallocating a small percentage to Aristotle or adjusting active/passive weightings in large-cap would be appropriate. ACG agreed to provide the holdings and peer-rank materials ahead of the next meeting.
