HomeMy WebLinkAboutMinutes - 2026.03.26 - 43156
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 March 26, 2026, at 11:00 a.m. in the West Oakland
Conference Room at the County Executive Office.
I. Call to Order/ Roll Call
Members Present: Joseph Rozell, Jeffrey Phelps, Robert Wittenberg, James Van
Leuven
Members Absent
With Notice:
Others Present: Carly Webster, Human Resources
Kelly Pena, Human Resources
Aaron Castle, VMT Law
Erik Burger, Graystone
Brian J. Lefler, OCERS/VEBA Trustee
Dion Stevens, OCERS/VEBA Trustee
II. Approval of the Agenda
A. Moved by Van Leuven, seconded Phelps to approve the agenda as submitted.
Motion carried.
III. Public Comment
None
IV. Regular Agenda
None
V. Reports
A. Aaron Castle of VMT Law presented his Investment Subcommittee Legal Report.
The Defined Contribution Investment Consulting Services Request for Proposal was
discussed.
Moved by Phelps, seconded by Van Leuven, to receive and file the legal report.
Motion carried.
VI. Unfinished Business
None
VII. New Business
A. Erik Burger presented a review of the 2025 4Q DB Plan Quarterly Performance
report as of December 31, 2025, the 2025 4Q VEBA Plan Quarterly Performance
report as of December 31, 2025, Equal Weight Investment Search Book and an
Infrastructure Manager Search Book.
Moved by Van Leuven, seconded by Wittenberg to interview Boston Partners at
11am on Tuesday April 21st and DeRoy & Devereau at 12pm on Tuesday April 21st
for All Cap/Large Cap Value managers. Motion carried.
Investment Sub-Committee Minutes
Oakland County Employees’ Retirement and Deferred Compensation Board
March 26, 2026
Page 2
Moved by Van Leuven, seconded by Wittenberg to recommend to the OCERS and
VEBA Boards to add Lazard Global to the investment lineup. Motion carried.
B. Moved by Van Leuven, seconded by Wittenberg to not respond to the Marathon
Asset Manager change in ownership. Motion carried.
VIII. Trustee Comment
A. Chairperson Rozell adjourned the meeting without objection at 11:59 a.m.
Respectfully submitted,
________________________________ ________________________________
Joseph Rozell, Chairperson Carly Webster, Secretary