The Chamber pension plan trustees
have added Vanguard and Epoch Partners to the plan’s investment roster.
The two new managers have been
added to diversify investments and enhance member performance. Epoch Partners
is a deep value manager who invests in a concentrated portfolio of blue chip
stocks from around the world. Vanguard will be managing an index of global blue
chip stocks for the plan. The plan now consists of four stock managers.
“The Chamber pension plan is
committed to provide members with the best possible return on their
contributions while insuring the safety of their assets,” said Paul Tibbetts,
the current chairman of the Chamber Pension Plan. “We are confident that the
addition of Vanguard and Epoch Partners, as well established investment
managers, will serve to enhance the overall performance of the pension
portfolio. As we continue steer our course through the difficult financial
times, this important move as part of a strategy to diversify is designed to
ensure maximum benefit for all members.”
Vanguard is one of the world’s
largest investment management companies and a leading provider of
employer-sponsored retirement plan services, managing US mutual fund assets of
nearly US$1.4 trillion.
Epoch is a global asset management
firm with over $12.8 billion in assets under management. The firm believes that
the key to producing superior risk-adjusted equity returns is the
identification of companies with an ability to generate free cash flow and to
allocate it properly among dividends, share repurchases, debt pay downs,
internal reinvestment opportunities and/or acquisitions. Their performance
since inception has been superior against their benchmark by beating it over
the one, three, and five-year periods.
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