Board of Estimate & Taxation Investment Advisory Committee

Committee debates strategy to address OPEB portfolio underperformance. The BET Investment Advisory Committee weighed competing approaches after active managers failed to generate returns: Pellegrino advocated consolidating the portfolio into four index exchange-traded funds, while Alchek proposed

Greenwich investment committee targets OPEB portfolio overhaul. The Board of Estimate & Taxation Investment Advisory Committee, chaired by Elliot Alchek, unanimously approved changes to its reference book and directed Treasurer Nataliya Yemets to contact Morgan Stanley about underperforming

Investment committee requests quarterly reports on OPEB portfolio performance. The Investment Advisory Committee and OPEB Trust Board discussed the OPEB portfolio's 2.07 percent first-quarter loss, which underperformed the benchmark by 22 basis points and trails the benchmark by over 200 basis

Investment committee weighs Morgan Stanley OPEB underperformance, considers manager restrictions. The Board of Estimate and Taxation Investment Advisory Committee discussed the fund manager's consistent underperformance against the Greenwich Investment Policy Statement benchmark. The OPEB

Greenwich Investment Advisory Committee reviews CT STIF fund governance with 70 percent of town cash invested. Committee Chair Elliot Alchek and members Sally Bednar and Joseph Pellegrino conducted due diligence with Paul A. Coudert, Principal Investment Officer of CT STIF, over governance and