Financial and Investment Related
The Metropolitan Water Reclamation District Retirement Fund's investments are governed by the Illinois Compiled Statutes requiring a "prudent person" standard be applied to all investment related decisions. Under this standard, a fiduciary must discharge his/her duties solely in the interest of the participants and beneficiaries with the degree of diligence, care and skill which prudent persons would ordinarily exercice under similar circumstances in a like position.
The Board of Trustees, as responsible fiduciaries of the system, determine the policies and strategies based upon recommendations made by the Fund's investment consultant. The Board empowers the investment managers with full discretion over the portfolio with the directive of securing the best possible returns while managing an acceptable level of risk. The Fund's staff are responsible for investment manager compliance with all guidelines and for implementating policies established by the Board
In 2007, the Trustees approved a new asset allocation model which includes 55% domestic equities, 10% international equities and 35% fixed income. Asset allocation affects both risk and return and is a central concept in investment management. Studies indicate that 90% of the Fund's performance is determined by its asset allocation. The Trustees are currently in the process of rebalancing the Fund's portfolio to this model.
To find out more information about the Fund's investments, click on the links below:
Investment Performance and Allocation
Investment Managers and Brokers
Financial and Investment Reports
