3. Retirees (2)

General Employee Pension Meeting · 2026-05-21 · agenda_item

The City of Cocoa Beach General Employees' Pension Board is reviewing investment strategies. Sterling Capital presented a quarterly report showing a portfolio trailing return of 10.38% for the fiscal year to date. Cohen & Steers presented their Tactical Real Estate Fund, which blends private and public real estate, with a 65% private and 35% public allocation. Burgess Chambers and Associates also presented their quarterly report, noting strong performance in International Equity and Global Infrastructure. The board approved moving funds from Schwab to Cohen & Steers and approved a recommendation to Sterling Capital for small and large cap allocations. This item is under review as the board considers investment adjustments. The work involves financial analysis, investment management, and potentially the reallocation of assets. Contractors, suppliers, and service providers in financial services, investment management, and related fields may find opportunities. Early engagement before final decisions on asset allocation and fund management could be advantageous.

retirees

2

interest rate cuts

2

inflation

2.5 %

U.S. Large Cap return

4.96 %

Growth return

1.33 %

Portfolio Trailing Returns for fiscal YTD

10.38 %

benchmark

12.50 %

3-year return rate

12.16 %

benchmark

13.63 %

Ending Market Value

21,586,379

Current Allocation

51.82 %

Strategic Target Allocation

52.00 %

variance

-0.18 %

fee reduction

20 %

discount rate

1.15 %

private allocation

65 %

public allocation

35 %

commercial real estate funds

29

recommendation to Cohen and Steers

1.3 million

Schwab liquidation amount

607,648

tax refund

25 %

plan earnings

505 k

plan earnings percentage

1.4 %

strategic model percentage

2.4 %

International Equity

4.7 %

Global Infrastructure

3.5 %

plan earnings one-year period

4.5 million

plan earnings percentage one-year period

13.8 %

Ending Market Value for Quarter

37,676,581

recommendation to Sterling Capital

1.25 million

recommendation percentage

3 %

small cap allocation

1. %

large cap allocation

2. %

actuarial valuation date

September 30th

percentage locked in

5 %