HomeMy WebLinkAboutMinutes - 2016.08.11 - 33012OAKLAND 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 August 11, 2016 at 10:30 a.m. in the Royal Oak Conference
Room, Executive Office Building.
Members Present: James H. VanLeuven Jr Andy Meisner
Joseph Rozell
Members Absent: Laurie VanPelt, with notice
Others Present: Judy Fandale, Human Resources
Natalie Neph, Treasurer’s Office
Curtis Childs, Sheriff’s Office
Janette Schad, Schwartz & Co.
Dave Breuhan, Schwartz & Co.
Edward Schwartz, Schwartz & Co.
1. Meeting was open for public comment. No one spoke.
2. Schwartz & Co. made a presentation to the Committee with discussion on the different
share classes available in the 401(a). They also gave an update on the 457 Request for
Proposal.
3. The Committee held a discussion on the following:
• Review of NEPC
• The change in management at MacQuarie
• Loomis Sayles’ holdings in S.K. Telecom being added to the scrutinized
companies list in P.A. 314
4. Moved by Rozell, seconded by Meisner to adjourn the meeting at 12:20 p.m. Motion
carried.
Respectfully submitted,
_________________________________ ________________________________
James H. VanLeuven Jr, Chairperson Judy Fandale, Secretary