BLAIR INVESTMENT FUND DOING VERY WELL

The Blair County Retirement Board recently met with Pat Wing of Marquette Associates, Inc. to review the Blair County Employee Retirement Fund’s Investment Performance Report for the fourth quarter of 2020. The Fund had an investment return of 9.5% for the quarter, generating an investment gain of $3.1 million. Year-to-date, the Fund had an investment return of 11.8% and an investment gain of $3.75 million. Since investment policy and investment changes were enacted by the Board in late 2014, the Fund’s return ranks in the top 46% in a national database of public funds of all sizes. During the same period the Fund’s risk-adjusted return ranks in the top 36% in a national database of public funds of all sizes. This indicates that the risk taken to generate the Fund’s return is better than 64% of the public funds included in the national database over this period. The Board’s concerted effort to control investment costs and a disciplined rebalancing approach have largely driven the favorable results relatives to peer funds. With investment management fees at just 0.27%, Mr. Wing noted that fees paid by the Fund are considerably below most public fund peers.

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