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.
As a % of LAGERS Overall Portfolio
|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.|
|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.|
View more details about LAGERS' asset allocation.
Investment Results as of December 31, 2016
Megan Loehner, CFA, CPA, CAIA
Director of Investments
Brian Collett, CFA, CAIA
Chief Investment Officer
Justin Ellsesser, CFA, CAIA
Investment Risk &
Investment Operations Specialist