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FUNDRAISING NEWS | January 05, 2024
Tags: Pension Funds, Equities
The Pompano Beach Police and Firefighters’ Retirement System approved moving $5 million from the Blackrock Large Cap Value portfolio to invest in the Vanguard 500 Stock Index Fund, according to minutes from the November 20th Board of Trustees meeting.
Investment consultant, Southeastern Advisory assisted with the decision.
As of September 30, 2023, the $232 million pension fund allocates 35.1% to domestic equities.
For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace!
Written By: Helen Bascom, Marketing Associate
Helen Bascom is a Marketing Associate at Dakota.
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