2019-09-MINUTES.Pdf
September 19 & 20, 2019 The nine hundredth and twenty-three meeting of the Retirement Board of the School Employees Retirement System was held in the boardroom at 300 E. Broad Street, Columbus, Ohio, on Thursday, September 19, 2019. The meeting convened in open session at 8:34 a.m. and continued with the Pledge of Allegiance. Following the Pledge of Allegiance, the roll call was as follows: Catherine Moss, Chair, Jeffrey DeLeone, Hugh Garside, James Haller, Barbra Phillips and Daniel Wilson. Catherine Moss excused the absence of James Rossler. Also in attendance was Mary Therese Bridge, representative of the Attorney General, various members of the SERS staff, and members of the public. APPROVAL OF MINUTES OF THE RETIREMENT BOARD RETREAT HELD ON July 17, 2019 Barbra Phillips moved and James Haller seconded the motion to approve the minutes of the Retirement Board Retreat meeting held on Wednesday, July 17, 2019. Upon roll call, the vote was as follows: Yea: Hugh Garside, James Haller, Barbra Phillips, Daniel Wilson and Catherine Moss. Abstain: Jeffrey DeLeone. The motion carried. APPROVAL OF MINUTES OF THE RETIREMENT BOARD MEETING HELD ON July 18, 2019 Barbra Phillips moved and Jeffrey DeLeone seconded the motion to approve the minutes of the Retirement Board Retreat meeting held on Wednesday, July 17, 2019. Upon roll call, the vote was as follows: Yea: Hugh Garside, James Haller, Barbra Phillips, Daniel Wilson and Catherine Moss. Abstain: Jeffrey DeLeone. The motion carried. Board Chair Catherine Moss asked Chief Investment Officer Farouki Majeed to present the Investment Report. INVESTMENT REPORT Asset Allocation David Lindberg and Joanna Bewick of Wilshire Associates, discussed the 2019 Asset Allocation review in terms of Wilshire’s capital market assumptions including asset class risk, return, and correlation.
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