Blair County Employees' Retirement Fund Releases Quarterly Results for 2020

The Blair County Retirement Board, consisting of commissioners Bruce Erb, Laura Burke, and Amy Webster, along with Treasurer Jim Carothers and Controller A.C. Stickel, recently met with Pat Wing of Marquette Associates, Inc., to review the Blair County Employee Retirement Fund’s Investment Performance Report for the third quarter of 2020.

The Fund had an investment return of 4.7 percent for the quarter, net of investment management fees, generating an investment gain of more than $1.5 million. Year-to- date, the fund had an investment return of 2.1 percent, net of investment management fees.

Since investment policy and investment changes were enacted by the board in late 2014, the fund’s return ranks in the top 46 percent in a national database of public funds of all sizes.

Investment management fees are set at 0.26 percent, which Wing says are considerably below most public fund peers.

In October, the fund returned minus 1.5 percent before rebounding in early November amid a rally in equity markets.

Wing estimated that the fund returned 6.4% percent for the month through Nov. 11, bringing the year-to-date return for the fund to approximately 7.0 percent.