Firefighters' Pension & Relief Fund of the City of New Orleans public meetings in 2022
5 substantive meetings from 2022, with official agendas or minutes and plain-English summaries.
Firefighters' Pension & Relief Fund — Investment Board
The Firefighters Pension & Relief Fund Investment Board will conduct a portfolio review. The board is also scheduled to discuss asset allocation and review or update the investment policy.
- Portfolio review
- Investment policy review and update
- Asset allocation discussion
Firefighters' Pension & Relief Fund — Investment Board
The Investment Board will conduct a portfolio review and an investment policy review. The meeting includes the approval of May 2022 minutes.
- Approval of May 2022 minutes
- Portfolio review
- Investment policy review
Firefighters' Pension & Relief Fund — Investment Board
The Firefighters' Pension & Relief Fund Investment Board is meeting to review the portfolio and investment policy. The agenda includes approval of April 2022 minutes and reserves the right to enter executive session for discussion of character or litigation strategy. No other substantive items are listed.
- Portfolio review
- Investment policy review
- Approval of April 2022 Investment Board minutes
The Board approved the minutes from the April investment meeting. The session primarily consisted of a performance review of the fund's portfolio and a discussion on potential changes to asset allocation for future meetings.
- Approved April investment Board meeting minutes
Firefighters' Pension & Relief Fund — Investment Board
The Board reviewed first-quarter 2022 fund performance and the status of legacy alternative investments. The Board discussed phasing out legacy holdings and the potential to add core real estate and private equity to the portfolio.
- Review of Q1 2022 performance for Clarkson partners, Jackson Square Partners, Europacific Growth Fund, Baird, and Black Rock
- Status update on legacy holdings including Fire Flix, Whalehaven, Endgame, Greensprings, Murphree, and Louisiana Fund 1
- Report on Fire Game property in Biloxi, MS, appraised at $300,000
- Report on Fire water investment with a $2,800,000 valuation on K-1s
- Proposal to consider adding core real estate and private equity asset classes
The Board approved the minutes from the February investment meeting. Members reviewed first-quarter 2022 fund performance and discussed the liquidation of legacy alternative assets. The Board was asked to consider adding core real estate and private equity to the asset allocation mix.
- Approved February investment Board meeting minutes
Firefighters' Pension & Relief Fund — Investment Board
The Investment Board reviewed fourth quarter 2021 performance and discussed the impact of rising interest rates on equities and fixed income. The board discussed phasing out legacy alternative investments and the need to add new asset classes like private equity or real estate to increase expected returns.
- Total Fund performance reported at 4.36%
- Write-downs of legacy assets Whalehaven and Endgame
- Fire Game property in Biloxi, MS appraised at $300,000 remains for sale with no offers
- Approval of November 2021 investment Board meeting minutes
- Discussion of $5,000,000 remaining in alternatives portfolio primarily in real estate
The Board approved the minutes from the November 2021 meeting. Members reviewed fourth quarter 2021 fund performance and discussed the liquidation of legacy alternative assets.
- Approved November 2021 investment Board meeting minutes