HomeMy WebLinkAboutMinutes - 2016.07.19 - 33011OAKLAND COUNTY EMPLOYEES'
RETIREMENT AND DEFERRED COMPENSATION BOARD
INVESTMENT SUB-COMMITTEE MINUTES
The Oakland County Employees' Retirement and Deferred Compensation Board Investment
Sub-Committee meeting was held July 19, 2016 at 10:00 a.m. in the West Oakland
Conference Room, Executive Office Building.
Members Present: James H. VanLeuven Jr Jeffrey Phelps
Joseph Rozell Laurie VanPelt
Others Present: Paige Ritchie, Human Resources
Natalie Neph, Treasurer’s Office
Mike Valchine, NEPC
Kevin Leonard, NEPC
1. Meeting was open for public comment. No one spoke.
2. NEPC presented the Asset Liability Study and Portfolio Construction Review to the
Subcommittee. The report was received and filed.
3. Moved by VanPelt, seconded by Rozell to approve the draft template contract with Vertas.
Motion carried.
4. Moved by VanPelt, seconded by Rozell to recommend moving the mid cap investments
from active to passive management (S&P 400 Index). Motion carried.
5. Moved by Phelps, seconded by Rozell to adjourn the meeting at 12:00 p.m. Motion carried.
Respectfully submitted,
_________________________________ ________________________________
James H. VanLeuven Jr, Chairman Paige Ritchie, Retirement Specialist