Chris Greco departs firm for investment role as company expands in Ponte Vedra Beach

Jacksonville Beach, Duval County, Florida

Chris Greco leaves for a new CEO position while firm retains strong asset management.

Source: Pension Board Briefing (02/09/2021) 02:41

City Employees Prepare for Upcoming Retirements and Pension Adjustments

Jacksonville Beach, Duval County, Florida

City officials discuss recent employee retirements and pension plans for vested workers.

Source: Pension Board Briefing (02/09/2021) 02:35

CEO Mike Welker outlines firm investments and new partners in annual letter

Jacksonville Beach, Duval County, Florida

Mike Welker announces key investments and two new partners in annual firm update.

Source: Pension Board Briefing (02/09/2021) 02:19

Investment Fund Reports Increased Equity Holdings Amid Strong Market Performance

Jacksonville Beach, Duval County, Florida

Fund assets rise to $115.1 million, increasing equity overweight due to strong returns.

Source: Pension Board Briefing (02/09/2021) 01:58

Virtual FPPTA Conference Scheduled Amid Attendance Challenges for Certification

Jacksonville Beach, Duval County, Florida

Council members must attend virtual FPPTA conference in May to maintain certifications.

Source: Pension Board Briefing (02/09/2021) 04:20

Sawgrass says staff departures won't affect Jacksonville Beach accounts

Jacksonville Beach, Duval County, Florida

Sawgrass Asset Management told the Jacksonville Beach pension board that several sales and research staff left for another firm opening an office in Ponte Vedra Beach, but the vendor's client-services director said the departures did not include people with operational duties on the city's accounts and that Sawgrass remains stable.

Source: Pension Board Briefing (02/09/2021) 04:51

Jacksonville Beach pension fund posts strong returns; consultants flag equity overweight

Jacksonville Beach, Duval County, Florida

The Jacksonville Beach pension plan returned double-digit gains for the quarter and year, but the investment consultant said equities are overweight the policy target and recommended the board consider a rebalance; trustees agreed to monitor performance and address reallocation at the May meeting.

Source: Pension Board Briefing (02/09/2021) 17:37

Market Surge Boosts Portfolio Returns Amid Strong Federal Reserve Support

Jacksonville Beach, Duval County, Florida

The portfolio rose 10.36% in the last quarter, greatly exceeding its benchmark.

Source: Pension Board Briefing (02/09/2021) 10:48

Board notes resignation, retirements and schedules May meeting; approvals deferred

Jacksonville Beach, Duval County, Florida

Trustees noted a resignation on the general employees board, multiple upcoming retirements, a BenchOne distribution this quarter, and set the next full meeting for May 11 where minutes and the investment report will be approved.

Source: Pension Board Briefing (02/09/2021) 27:32

Mayor Hoffman outlines May meeting agenda and addresses board resignation

Jacksonville Beach, Duval County, Florida

Mayor Hoffman plans to approve budget and address board vacancy in May meeting.

Source: Pension Board Briefing (02/09/2021) 02:06