Jacksonville Beach Pension Board Examines Market Concentration Impact on Fund Performance

Overview: During the recent meeting of the Jacksonville Beach Pension Board, the primary focus was on the impact of market concentration on fund performance and the evaluation of investment managers. The board discussed in-depth the influence of a handful of tech giants on the broader market and considered the performance of various investment managers, including the potential for rebalancing the fund’s portfolio.

Jacksonville Beach Pension Board Evaluates Financial Health and Policy Changes

Overview: The Jacksonville Beach Pension Board conducted a comprehensive analysis of the financial performance and policies of its pension plans during a recent meeting. The board reviewed annual expenditure reports, discussed substantial salary increases and their impact on liabilities, and considered changes to the Investment Policy Statement (IPS) that would include alternative asset classes. Key financial indicators such as the funded ratios, market value of assets, and employer contribution requirements were evaluated, with particular attention given to the performance of the portfolio against benchmarks.