Investments

 

A proven success story of prudent, diversified and long-term investing.

 

 

Overview

 

LAGERS’ Investment Team provides comprehensive investment management in efforts to secure benefits for LAGERS members. Activities undertaken by the Investment Team include setting and implementing investment strategies, appointing and dismissing investment managers, monitoring investment allocation, liquidity, and performance; and ensuring safekeeping of assets.

The goal is to achieve the assumed rate of return of 7.25% over the long-term, consistent with an acceptable degree of risk in relation to the nature and duration of the underlying benefits.  To achieve this goal the Investment Team sets an investment strategy which is devised after analyzing the long-term view of the market and consulting with LAGERS’ Board of Trustees.

Asset Classes

LAGERS asset classes as of June 30, 2016.

Equities

Fixed Income

Real Assets/Return

Strategic

Asset Allocation Definition
Equities 45.3% an investment in which an investor has a residual claim or interest in the assets of a company,after all liabilities are paid. Its value is driven by the companies’ ability to utilize capital in order to create a unique product and or service that can be sold in the marketplace at a profit.
Fixed Income 27.0% an investment in which its value is primarily based on a regular stream of cash flows over an agreed upon period of time.
Real Assets/
Return
20.0% An investment which its value is primarily based on the ownership or utilization of a tangible asset or cash flows derived from an agreed upon measure of tangible assets.
Strategic 7.7% An investment in which its value is primarily based on its ability to create value beyond traditional asset classes, capitalizing on market dislocations, market timing, and/or unique situations.

This is the kaleidoscopic of the LAGERS asset class portfolio as of June 30, 2016. LAGERS Investment Team is always looking for ways to further diversify the LAGERS portfolio.

Asset Class Diversification

Click graph to see details

Investment Performance

Investment results as of March 31, 2017. Assumed rate of return = 7.25%.

11.0%

5.2%

8.3%

6.3%

8.0%

1 Yr.

3 Yrs.

5 Yrs.

10 Yrs.

20 Yrs.

LAGERS' Investment Team

Erin Stieferman

Investment Risk & Operations Manager

E-mail Erin

Megan Loehner, CFA, CPA, CAIA

Director of Investments

E-mail Megan

Brian Collett, CFA, CAIA

Chief Investment Officer

E-mail Brian

Ashley Schmitz

Investment Operations Specialist

E-mail Ashley

LAGERS Investment Reports

Missouri Local Government Employees Retirement System

Phone:   1-800-447-4334      Local:  573-636-9455        Fax:  573-636-9671     Email: info@molagers.org

 

701 West Main St.     PO Box 1665     Jefferson City, MO 65102