LACERS bracing for potential impact of Trump tariffs on public equities returns
As of Sept. 30, 2024, the fund’s asset mix included 21.50% U.S. equity allocations and 25.63% non-U.S. equity allocations.
As of Sept. 30, 2024, the fund’s asset mix included 21.50% U.S. equity allocations and 25.63% non-U.S. equity allocations.
As of Dec. 31, 2024, PSP Investments held 690,063 shares of Tesla, valued at more than US$278M.
Banik’s team has opted to be a bit more cash heavy going into the endowment fund’s fiscal year end.
The transaction, valued at approximately €900M, is expected to close by the end of April 2025.
Returns across IMCO’s client portfolios ranged from 8.2% to 11.3%.
The return came in slightly below the total fund benchmark return of 13.8%.
The return came in slightly below the total fund benchmark return of 13.8%.
The fund missed its 2024 total
benchmark return of 12.9%.
Jeff Wendling, the HOOPP’s CEO who is set to retire at the end of March, said the return was supported by solid performances in both public and private equity markets, including results from the plan’s infrastructure investments, alongside absolute return strategies.
“Despite a challenging economic environment, this impressive return aids in enhancing benefit security for our 10,000+ members and beneficiaries,” said Christopher Brown, the plan’s CEO.