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The state's Public Employee Retirement Administration Commission conducts an annual valuation of the Weymouth Retirement System, based on the previous year's investment performance.
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Our retirement Board employs a number of investment professionals to prudently invest the assets of the system.
| Fund Managers: |
| Acadian Asset Management LLC |
| Advent Capital Management |
| Bradford & Marzec |
| EARNEST Partners LLC |
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HarbourVest Partners
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| Income, Research & Management |
| Intercontinental Real Estate Corporation |
| INVESCO |
| Loomis, Sayles & Company |
| PENN Capital Management Co., Inc. |
| PRIM Board |
| RhumbLine Advisers |
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State Street Global Advisors
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| The Boston Company Asset Management LLC |
| Westfield Capital Management |
| William Blair & Company LLC |
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| INVESTMENT |
MANAGER |
Allocation |
| Short Term Liquidity |
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State Street |
2.5% |
| Fixed Income |
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| Core Plus Fixed Income |
Bradford & Marzec |
13.7% |
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Income Research & Management |
7.8% |
| PPIF |
Advent/Wellington |
1.1% |
| Fixed Income Subtotal |
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22.6% |
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| Domestic Equity |
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| S&P 500 Index Fund |
Rhumbline Advisors |
14% |
| Large Cap, High Alpha |
The Boston Company |
7.6% |
| Large Cap Growth |
Westfield Capital |
7.7% |
| Small-Mid Cap |
PENN Capital |
4.6% |
| Small-Mid Cap |
Loomis Sayles |
4.9% |
| Domestic Equity Subtotal |
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38.8% |
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| International Equity |
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| Core International Equity |
Earnest Partners |
7.6% |
| International Equity |
Artio Global Advisors |
7.4% |
| Insternatinal Small Cap |
William Blair |
1.3% |
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Acadian |
1.3% |
| International Equity Subtotal |
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17.6% |
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| Alternatives |
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| Private Equity Fund of Funds |
INVESCO |
3% |
| Core Real Estate |
PRIM/PRIT |
8.1% |
| Core Real Estate |
Intercontinental |
0.5% |
| Hedge Fund of Funds |
PRIM/PRIT |
6.8% |
| Alternatives Subtotal |
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18.4% |
| TOTAL ASSET ALLOCATION |
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100% |
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| Custodial Services |
State Street Specialized |
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Trust Services |
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| Consultant Services |
Fiduciary Investment Advisors |
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| Investor Protection Services |
Thornton & Naumes LLP |
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Under M.G.L. Chapter 32, Municipal retirement systems are governed by a five-member board, which is independent of the local government. Each board has two members representing the municipal government, two members elected by the system's membership, and a fifth member, who is appointed by the other four members, and who is not a member of the retirement system. |
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This report presents the results of the 2010 actuarial valuation of the Weymouth Retirement System.
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