Pension Board Meeting (8/10/2022)

Pension Board · August 11, 2022

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31:36

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Opening investment overview and long-term trend

Presentation

0:01 → 1:02(1m 1s)

Presenter (unnamed) summarized the funds long-term trend, noting a sharp COVID-era drop ("we lost 34 percent in 3 weeks") followed by recovery, then a recent six-month decline; he said the fund remains ahead of the theoretical long-term return line and expressed expectation that performance will "stabilize."

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Pension board received an investment report: plan value about $108.9 million, year-to-date performance down (~12%), discussion focused on market volatility, CPI data and manager performance; the board approved the report and moved administrative items including a software RFP and restarting the police board.

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Transcript

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