OP&F News

OP&F Investment notes, September 2024

Portfolio value:The OP&F portfolio was valued at $18.88 billion as of Sept. 25.

OP&F terminates international small-cap manager; approves new search


The OP&F Board of Trustees terminated Barings from its International Small-Cap Equity mandate at its Sept. 25 meeting.  As of Aug. 31, Barings managed $163 million for OP&F.

Primary reasons for the termination were performance, decline of assets in the strategy, and declining conviction in the team and investment process. Barings was downgraded by the Board of Trustees/Investment Committee in March 2024, meaning they would be reviewed quarterly going forward. Since inception, the firm’s performance has been well below their benchmark. Barings was selected as an international equity manager for OP&F in July 2021.

The Board also approved a new search for a manager to replace Barings. Wilshire and Staff will conduct a targeted RFP process, consistent with OP&F’s Search Policy, that will utilize Wilshire’s highest scored managers supplemented by staff’s research.

Posted 9/26/2024

 

Other News

OP&F Investment notes, September 2024
- Posted June 26, 2024
Alight now offering health care planning appointments to all OP&F retirees
- Posted September 09, 2024
OP&F Investment notes, August 2024
- Posted August 30, 2024
OP&F Memorial Park - A lasting memorial
- Posted July 30, 2024
Member’s Report Summer Newsletter now available
- Posted July 15, 2024
OP&F Pre-Retirement Seminars and Webinar
- Posted July 11, 2024
OP&F Investment notes, June 2024
- Posted June 26, 2024
Cozart wins OP&F trustee election
- Posted May 28, 2024
Results of trustee election to be announced May 28
- Posted May 22, 2024
Contact election administrator for trustee ballot questions
- Posted May 15, 2024
Annual statements available online for active members
- Posted May 13, 2024
Reminders about health care stipend eligibility
- Posted May 09, 2024
OP&F Investment notes, April 2024
- Posted April 26, 2024
OP&F headquarters among regional building of the year winners
- Posted April 25, 2024
Member’s Report Spring Newsletter now available
- Posted April 19, 2024
OP&F Virtual retirement meetings
- Posted April 05, 2024
2024 Direct deposit dates for benefit payments
- Posted March 21, 2024
OP&F Investment notes, March 2024
- Posted March 07, 2024
Forms page on OP&F website
- Posted March 05, 2024
App helps OP&F retirees manage Health Reimbursement Arrangement
- Posted February 28, 2024
Options available for retirement interviews
- Posted February 14, 2024
Alight Two-Step Verification
- Posted February 06, 2024
Board of Trustees 2024 elections
- Posted February 05, 2024
Member’s Report Winter Newsletter now available
- Posted January 17, 2024
Promises must be kept
- Posted December 29, 2023
2024 Direct deposit dates for benefit payments
- Posted December 08, 2023
OP&F Investment notes, December 2023
- Posted December 07, 2023
OP&F responds to city lobbying groups opposed to HB 296, praises Senate for intro. of SB 194
- Posted November 28, 2023
DROP distribution deadlines for 2023
- Posted November 13, 2023
Member’s Report Fall Newsletter now available
- Posted November 03, 2023
OP&F Investment notes, November 2023
- Posted November 02, 2023
Contacting OP&F
- Posted October 25, 2023
Website FAQ pages can assist OP&F members and employers
- Posted October 11, 2023
Representatives Abrams and Hall Introduce updated Public Safety Pension Modernization Act
- Posted October 05, 2023