Monthly Board Report

Board Report, March 2024

OP&F “Charity Champions” present check to Cincinnati Fire Foundation

Through the charitable contributions from OP&F employees, a check was presented in February for $8,500 to the Cincinnati Fire Foundation. Trustee John Deal (Cincinnati Fire) represented OP&F at a board meeting of the Cincinnati Fire Foundation meeting to announce the gift.

Trustee election nomination date approaching

The next important date for this spring’s trustee elections is Monday, April 1. Signed Certificate of Eligibility and all nominating petitions must be filed at OP&F’s office no later than 4 p.m.

On May 6, ballots prepared by OP&F’s independent election administrator will be sent to the respective membership groups. On May 21, ballots must be received by OP&F’s independent election administrator no later than the close of business. On May 29, ballots will be counted, results certified and announced. The new terms for successful candidates begin on June 3.

OP&F members will elect an active police representative, an active fire representative and a retired police representative to the Board this spring. Currently, Tanya Czack (Parma Heights Police), John Deal (Cincinnati Fire) and Mark Drum (Delaware Police, retired) hold these positions. Each is eligible for re-election.

PORTFOLIO UPDATE

  • As of 3/5: $17.7 billion
  • End of January: $17.6 billion
  • End of December: $17.7 billion
  • Board of Trustees Committee Notes

    (Motions voted on by the Board are listed separately)

    DISABILITY: The Committee conducted its scheduled reviews and hearings.

    INVESTMENT: In addition to a review of the portfolio value and year-to-date performance, representatives from Blackstone Property Partners discussed market trends, the current real estate environment and their portfolio. Wilshire presented the Executive Summary of Investment Performance Report for periods ended December 31, 2023 as well as the Private Equity & Private Credit Program Analysis for periods ended September 30, 2023.

    Motions:

    At its March 2023 meeting, the OP&F Board of Trustees approved the following motions:

  • The Board approved Amended Proxy Voting Policies. Motion passed by unanimous vote (Investment Committee).
  • The Board approved Amended Investment Policy & Guidelines. Motion passed by unanimous vote (Investment Committee).
  • The Board approved staff and Wilshire’s investment manager rating recommendations for Barings, Bridgewater Global Macro & TIPS, Causeway, Grosvenor Flight Fund, Harvest, Westwood Group, Tortoise, PGIM, Loomis Sayles Core FI, Russell, Neuberger High Yield mandate as presented. Motion passed by unanimous vote (Investment Committee).
  • The Board approved Townsend’s recommendation to commit up to $75 million AEW Partners Real Estate Fund X. Motion passed by unanimous vote with one abstention (Investment Committee).
  • The Board approved Townsend’s recommendation to commit up to $75 million Oaktree Real Estate Opportunities Fund IX. Motion passed by unanimous vote (Investment Committee).
  • The Board approved staff and Aksia’s recommendation to commit up to $25 million to MC Credit Fund IV Levered. Motion passed by unanimous vote. (Investment Committee).
  • The Board approved the following from the Disability Committee. Motions passed by unanimous vote:
    • Approved 13 Initial Determinations of Disability.
    • Approved five Death Benefit Fund applications.
    • Approved the Disability Reporting Waivers list.

    NEXT BOARD OF TRUSTEES MEETINGS: April 23-24, 2024

    Previous Reports

    Monthly Report For June 2024
    - Posted June 27, 2024
    Monthly Report For April 2024
    - Posted May 02, 2024
    Monthly Report For March 2024
    - Posted March 13, 2024
    Monthly Report for January 2024
    - Posted January 31, 2024
    Monthly Report for December 2023
    - Posted January 11, 2024
    Monthly Report for November 2023
    - Posted November 13, 2023
    Monthly Report for September 2023
    - Posted October 06, 2023
    Monthly Report for August 2023
    - Posted September 18, 2023
    Monthly Report for June 2023
    - Posted July 09, 2023
    Monthly Report for May 2023
    - Posted June 01, 2023
    Monthly Report for April 2023
    - Posted May 03, 2023
    Monthly Report for February 2023
    - Posted March 20, 2023
    Monthly Report for January 2023
    - Posted February 01, 2023
    Monthly Report for December 2022
    - Posted December 29, 2022
    Monthly Report for October 2022
    - Posted November 04, 2022
    Monthly Report for September 2022
    - Posted October 07, 2022
    Monthly Report for August 2022
    - Posted September 09, 2022
    Monthly Report for June 2022
    - Posted July 06, 2022
    Monthly Report for May 2022
    - Posted June 02, 2022
    Monthly Report for April 2022
    - Posted May 05, 2022
    Monthly Report for March 2022
    - Posted April 19, 2022
    Monthly Report for February 2022
    - Posted March 15, 2022
    Monthly Report for January 2022
    - Posted February 02, 2022
    Monthly Report for December 2021
    - Posted December 08, 2021
    Monthly Report for October 2021
    - Posted November 02, 2021
    Monthly Report for September 2021
    - Posted October 07, 2021
    Monthly Report for August 2021
    - Posted September 01, 2021
    Monthly Report for June 2021
    - Posted July 12, 2021
    Monthly Report for May 2021
    - Posted June 02, 2021
    Monthly Report for April 2021
    - Posted May 24, 2021
    Monthly Report for March 2021
    - Posted April 08, 2021
    Monthly Report for February 2021
    - Posted March 04, 2021
    Monthly Report for January 2021
    - Posted February 04, 2021



    Board of Trustee Elections

    Information on Board of Trustees elections can be viewed by clicking the link below.

    Board and Committee Meetings

    OP&F encourages you to come to our monthly board meetings. Board agendas and minutes can be viewed by clicking the link below.

    Board Members and Committee Assignments

    Please click the links below to view Committee Assignments and Board Members.