HomeMy WebLinkAboutMinutes - 2020.06.17 - 33586OAKLAND COUNTY EMPLOYEES'
RETIREMENT AND DEFERRED COMPENSATION BOARD
INVESTMENT SUB-COMMITTEE MINUTES
A meeting of the Oakland County Employees' Retirement and Deferred Compensation Board
Investment Sub -Committee was held June 17, 2020 at 1:0 1 p.m. in the Elections Division –
Canvassing Room.
I. Call to Order/ Roll Call
Members Present:
James H. VanLeuven, Jr.
Joseph Rozell
Jeffrey Phelps
Members Absent:
Andy Meisner (with notice)
Others Present:
Silvia Frank, Human Resources
Carly Webster, Human Resources
Chris Kuhn, AndCo Consulting
Peter Brown, AndCo Consulting
Curtis Childs, Trustee
Lauri Siskind, Trustee
II. Approval of the Agenda
Moved by Phelps, seconded by Rozell to approve the agenda. Motion carried.
III. Public Comment
None
IV. Regular Agenda
None
V. Reports
A. Peter Brown and Chris Kuhn of AndCo presented the Mid Cap Value Equity Manager
Analysis as of March 31, 2020.
Moved by Rozell, seconded by Phelps to recommend hiring Nuance Mid Cap Value
Manager to the full Board. Motion carried.
B. Chris Kuhn & Peter Brown of AndCo presented the Oakland County Employees’
Retirement System Asset / Manager Summary as of June 5, 2020. There were no
recommendations for action. AndCo will conduct a review of direct lending managers
in August 2020.
C. Chris Kuhn & Peter Brown of AndCo presented the Distressed Debt Review as of
June 17, 2020. AndCo will coordinate a meeting with the firms, H.I.G. Capital, LLC
and Marathon Asset Management, L.P. to present their strategies to the sub-
committee.
VI. Unfinished Business
None
VII. New Business
None
Investment Sub-Committee Minutes
Oakland County Employees’ Retirement and Deferred Compensation Board
June 17, 20 20
Page 2 VIII. Trustee Comment
None
IX. Chairperson VanLeuven adjourned the meeting without objection at 2:17 p.m.
Respectfully submitted,
________________________________ ________________________________
James H. VanLeuven, Jr., Chairperson Silvia Frank, Secretary