The meeting involved a review of bank reconciliations, budget, and financial records, alongside the approval of various retirement-related transactions including refunds, transfers, and retirements. The Board discussed the logistics for an upcoming Retiree Luncheon and reviewed a memo concerning the COLA reserve fund and Enhanced COLA. Representatives from investment funds provided performance and strategy updates. Additionally, the Board reviewed the 2025 annual audit, which resulted in an unmodified opinion regarding internal controls and financial governance.
The Board reviewed financial records, including bank reconciliations, budgets, and warrants, and approved retirements, refunds, and transfers. Discussions included a review of PERAC memos and a presentation by HarbourVest Partners LLC regarding fund updates and performance. The Board interviewed candidates and appointed the fifth member to the Board. Furthermore, the Board analyzed second-quarter investment performance, noting a 5.9% return for the quarter and an increase in total market value, while also inquiring about the performance of investment managers.
The board reviewed bank reconciliations, budget, and financial records, noting two retirements and three withdrawals. Members reviewed and approved retirements, refunds, transfers, warrant vouchers, and capital calls. Additionally, the board reviewed PERAC memos and heard presentations from Intercontinental Real Estate Corp., GQG Partners LLC, and AEW Capital Management regarding fund performance, strategies, and personnel updates.
Jun 9, 2026·Board meeting
Massachusetts Housing Finance Agency Employees' Retirement Board Regular Meeting Of Members
The Board reviewed bank reconciliations, budget, and financial records, including warrants and vouchers. They also approved various retirements, refunds, and transfers. Additionally, the Board discussed Artificial Intelligence in relation to the NCPERS conference, PERAC memos, approved a performance review process for the executive director and assistant executive director, and established the election process for the fifth Board member. Representatives from SSgA provided updates on their company, personnel, and fund strategies.
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