HomeMy WebLinkAboutMinutes - 2021.02.17 - 34120OAKLAND 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 via teleconference on February 17, 2021 at 1:00 p.m.
I. Call to Order/ Roll Call
Members Present:
James H. VanLeuven (Clearwater, FL)
Joseph Rozell (Huntington Woods, MI)
Jeffrey Phelps (Waterford, MI)
Andy Meisner (Elsworth , MI)
Others Present:
Silvia Frank, Human Resources
Carly Webster, Human Resources
Lauri Siskind, Trustee
Dave Woodward, Trustee
Gwen Markham, Trustee
Aaron Castle, VanOverbeke, Michaud, & Timmony, P.C
Robert Wittenberg, Treasurer’s Office
Chris Kuhn, AndCo
Peter Brown, AndCo
John Krakowiak, Graystone
Freddie Sarno, Graystone
Amy Cole, Graystone
Erik Burger, Graystone
Rodney Bolden, Graystone
Caitlin Cunningham, RPA
Josh Schwartz, RPA
Matt Martin, RPA
Zach Karas, RPA
Kip Robbins, RPA
Kevin VanderHaute, Titan Wealth Advisors
II. Public Comment
None
III. Regular Agenda
None
IV. Reports
A. Chris Kuhn summarized the Real Estate Debt Search presentation. The
subcommittee discussed the Bloomfield Capital Income Fund V and Torchlight Debt
Opportunities Fund VI. Trustee Siskind disclosed that the City of Southfield
Retirement Board had employed Bloomfield Capital.
Moved by Phelps, seconded by Meisner to recommend to the full board to allocate
$8 million of the OCERS fund and $15 million of the VEBA fund to Bloomfield Capital
Income Fund V. Motion carried.
B. The following Defined Contribution Investment Consultants made presentations to
the Committee:
• Graystone Consulting
• Retirement Plan Advisors (RPA)
• Titan Wealth Advisors
Investment Sub-Committee Minutes
Oakland County Employees’ Retirement and Deferred Compensation Board
February 17, 20 21
Page 2
Moved by Phelps, seconded by VanLeuven to recommend to the full board that
Graystone Consulting be retained as the Define d Contribution (DC) Consultant under
a new 5-year contract. Motion carried.
V. Unfinished Business
None
VI. New Business
None
VII. Trustee Comment
None
VIII. Chairperson VanLeuven adjourned the meeting without objection at 3:16 p.m.
Respectfully submitted,
________________________________ ________________________________
James H. VanLeuven, Jr., Chairperson Silvia Frank, Secretary