HomeMy WebLinkAboutMinutes - 2023.09.21 - 40797AMENDED 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 September 21, 2023 at 2:09 p.m. in the East
Conference Room of the Executive Office Building.
I. Call to Order/ Roll Call
Members Present:
James VanLeuven, Jeffrey Phelps, Robert Wittenberg
Members Absent
With Notice: Joseph Rozell
Others Present:
Dion Stevens, Trustee
Carly Webster, Human Resources
Kelly Pena, Human Resources
Michael VanOverbeke, VanOverbeke, Michaud & Timmony, P.C.
Chris Kuhn, AndCo
Peter Brown, AndCo
Paul Zelenak, Treasurer's Office
II. Approval of the Agenda
A. Moved by Van Leuven, seconded Wittenberg to approve the agenda as submitted.
Motion carried.
III. Public Comment
None
IV. Regular Agenda
V. Reports
A. Chris Kuhn and Peter Brown of AndCo Consulting presented the following reports
and provided comments summarizing highlights contained in each:
• Oakland County VEBA Intermediate Fixed Income Manager Analysis Ending
June 30, 2023
• Oakland County Employees' Retirement System (ERS) and VEBA Mid Cap
Value Equity Manager Analysis Ending June 30, 2023
Moved by Van Leuven, seconded by Wittenberg to interview Boyd Watterson and
National Inv Services (NIS) for Intermediate Fixed Income investment management
services for the Oakland County VEBA Board. Motion carried.
Moved by Van Leuven, seconded by Wittenberg to recommend to the full board, to
enter into an agreement with Kennedy Capital to provide Mid Cap Value investment
management services for a 3% allocation of the OCERS and VEBA Funds, subject
to legal review. Motion carried.
VI. Unfinished Business
None
VII. New Business
Investment Sub -Committee Minutes
Oakland County Employees' Retirement and Deferred Compensation Board
September 21, 2023
Page 2
VIII. Trustee Comment
A. Vice -Chairperson Phelps noted the next meeting of this Board will be Wednesday,
October 18, 2023, at am in the Pernick Aaron Room of the Board of Commissioners.
B. Vice -Chairperson Phelps adjourned the meeting without objection at 2:44 p.m.
Respectfully submitted,
16ffPhelps, Vice -Chairperson Carly Webster, ecretary
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