PERS Deferred Compensation & Investment Committees | June 25, 2024 | 10 a.m.

Public Employees Retirement System of Mississippi · June 6, 2024

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Motion to change benchmark

Motion

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Speaker 2 requested replacing the current benchmark (S&P 500 plus 3, lag 1 quarter) with the Cambridge private equity benchmark and to make it effective for the current fiscal year and going forward; Speaker 3 moved ("I'll move") and Speaker 4 seconded ("I'll second"); the committee voted aye and the motion passed.

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The Public Employees Retirement System of Mississippi investment committee replaced its S&P 500+3 benchmark with a Cambridge private equity benchmark and heard detailed presentations from four real‑estate managers on performance, valuations, liquidity and portfolio allocations.

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Transcript

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