Goodness gracious, we’ve bid farewell to yet another year. I can’t believe I’ve become one of those, but time truly does go by so fast. This summer marked my 25th year serving LAGERS and our members. Wow. Seems like just yesterday I was learning the ropes myself and so eager to start my career. I burned up the roadways traveling the state to meet members, employers and others. Flip a switch and here we are 25 years later – and I think I love what we do more than ever.
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.
Interview re-printed with permission from Trusted Insight.Brian Collett is the chief investment officer of Missouri Local Government Employees Retirement System (MOLAGERS), a $7.5 billion system. Under his leadership, Missouri LAGERS performed among the top in the public fund universe, returning 9.45 percent annualized net of fees for the last five years.
To many, the market turmoil that hit stocks globally last week came out of nowhere. In the US, after almost two years of the stock market grinding its way higher, seemingly in defiance of gravity, the over 5% fall last week reminded us that what goes up must come down. In truth, we’ve been living in an investing world which isn’t normal. Falls in the market like the one experienced this February however, are entirely normal, and often healthy, for markets to experience.
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.