HomeMy WebLinkAboutMinutes - 2022.02.17 - 35405
OAKLAND 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 on February 17, 2022 at 10:00 a.m. in the West Oakland
Conference Room of the L Brooks Patterson Building.
I. Call to Order/ Roll Call
Members Present:
James H. VanLeuven, Jeffrey Phelps, Joseph Rozell
Members Absent: Robert Wittenberg
with notice
Others Present:
Carly Webster, Human Resources
Dion Stevens, Trustee
Kyle Jen, Trustee
Chris Kuhn, AndCo
Peter Brown, AndCo
II. Approval of the Agenda
A. Moved by Van Leuven, seconded by Wittenberg to approve the agenda as
submitted. Motion carried.
III. Public Comment
A. Chairperson Rozell welcomed Dion Stevens to the Retirement/VEBA boards.
IV. Regular Agenda
None
V. Reports
VI. Unfinished Business
VII. New Business
A. Chris Kuhn and Peter Brown of AndCo presented the Capital Market and Portfolio
Overview and discussed the asset classes and investment strategies going forward.
Discussion followed.
Moved by Van Leuven, seconded by Phelps to approve the following priority list of
new asset classes and investment strategies for consideration:
1. International Equity
2. Fixed Income
3. Private Equity
4. Real Estate
5. Mid-cap Value
Motion carried.
B. AndCo presented discussed options for a liquidity plan and provided draft
templates to be used for documenting cash movements. No action was taken;
Investment Sub-Committee Minutes
Oakland County Employees’ Retirement and Deferred Compensation Board
March 17, 2022
Page 2
AndCo will provide a formal recommendation for liquidity plan at the March
meeting.
VIII. Trustee Comment
A. Trustee Stevens asked about completing an Asset/Liability Study. AndCo will
research and provide additional information at the March meeting.
IX. Chairperson Rozell adjourned the meeting without objection at 11:50 a.m.
Respectfully submitted,
________________________________ ________________________________
Joseph Rozell, Chairperson Carly Webster, Secretary