LAGERS’ Investment Team describes the portfolio allocation process as being similar to building a house. We want to build a house that will withstand all types of weather, one that will protect our loved ones against anything that the current or future environment could throw our way. We seek to accomplish this same goal in portfolio construction, using diversification of assets, liquidity, and careful monitoring of exposures to ensure we’re not dependent on any one market environment to succeed. The last six months of 2018 saw the “weather” in the global market change drastically from the last nine years since the crisis. Due to the portfolio adjustments of the last few years, resulting in the current allocation, the house was only minimally impacted by this current storm.
Wow. I cannot believe how fast time truly does pass. We’ve turned the page on 2018, putting yet another year in the books. Seems just like yesterday that the leadership team here at LAGERS was huddled around sharing ideas of goals and objectives and setting our action plan for 2018. And in what seems a blink of an eye, the year has passed and we’ve already begun setting new goals and projects for 2019. We are a task oriented group here at LAGERS driven by pushing ourselves to do more, do it right and serve our members the absolute best we can. So how’d we do, and what did we accomplish? Here is a quick view of 2018:
Recently I asked Brian Collett, our CIO, to give me an update on our most recent investment numbers. He shared lots of information with me on our most recent numbers, but also talked about our Asset study that we just completed, and how that shapes our investment strategy.
Tagged Investment Return, Investments, Contribution Rates, Investments; Return; LAGERS Portfolio, Pension Health, LAGERS performance, Quarterly Update, Retirement, Retire, inflation, stock market, equities, Brian Collett, Sound Funding, Asset Study
I recently sat down with Bob Wilson, LAGERS Director, to hear about our new funding level and how it matters to our employers and our members.
Our newest quarterly update video is here. CIO Brian Collett and Director Bob Wilson talk about the secret to LAGERS success, our rates of return for the last one year, five years and beyond.