HomeMy WebLinkAboutMinutes - 2023.04.27 - 40795OAKLAND COUNTY EMPLOYEES'
RETIREMENT AND DEFERRED COMPENSATION BOARD
INVESTMENT SUB-COMM1TTEE MINUTES
A meeting of the Oakland County Employees' Retirement and Deferred Compensation Board
Investment Sub -Committee was held on April 27, 2023 at 10:00 a.m. in the East Conference
Room of the Executive Office Building.
I. Call to Order/ Roll Call
Members Present:
Others Present:
Joseph Rozell, James VanLeuven, Jeffrey Phelps, Robert Wittenberg
Kyle Jen. Trustee
Dion Stevens, Trustee
Carly Webster, Human Resources
Kelly Pena, Human Resources
Aaron Castle, VanOverbeke. Michaud & Timmony, P.C.
Chris Kuhn, AndCo
Peter Brown, AndCo
John Krakowiak, Graystone
Paul Zelenak, Treasurer's Office
Zack Newood, Human Resources
Eric Smith, Decision Technologies Corporation
Alfred Bernstein, Decision Technologies Corporation
11. Approval of the Agenda
A. Moved by Van Leuven, seconded by Phelps to approve the agenda as submitted.
Motion carried,
III. Public Comment
None
IV. Regular Agenda
V. Reports
A. Eric Smith made a presentation on Decision Technologies Corporation. Discussion
followed.
B. Chris Kuhn and Peter Brown of AndCo presented the VEBA Asset Allocation Study.
Moved by Van Leuven, seconded by Phelps to recommend to the full board the Mix
2, Asset Allocation, outlined in the VEBA Asset Allocation Study April 2023 report.
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Motion carried.
Investment Sub -Committee Minutes
Oakland County Employees' Retirement and Deferred Compensation Board
April 27„ 2023
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VI. Unfinished Business
A. Chris Kuhn of AndCo Consulting distributed a memo to the board, regarding AndCo's
proposal to increase the consulting fee by 3%, as outlined in the services agreement.
Moved by Phelps, seconded by Van Leuven to recommend to the full board, to
approve the proposed 3% fee increase for AndCo Consulting. Motion carried.
VII. New Business
VIII. Trustee Comment
A. Chairperson Rozeli adjourned the meeting without objection at 11:45 a.m.
Respectfully submitted,
Cady VVeater, Secretary