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Advisor says fund up about 9% year-to-date and has passed $1 billion high watermark
Summary
Asset Consulting Group told the St. Louis County Retirement Board that the portfolio rose about 9.1% year-to-date through June 30 and reached a new high watermark above $1 billion, driven by equities, especially emerging markets and US small cap.
Asset Consulting Group (ACG) presented the pension plan—s midyear performance report and told the board the portfolio was up "just over 9%" through the first half of 2026 and has reached a new high watermark above $1 billion. James, ACG——s representative, credited strong equity returns (notably emerging markets and US small cap) and higher fixed-income yields for overall performance.
James said the plan has realized a roughly 16% return over the past 12 months and is using periodic equity withdrawals to pay benefits. He cautioned the board that equity returns were concentrated in a handful of large technology names and that currency and rate moves (including a rally in the US dollar and higher interest-rate expectations) could affect future results.
