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GAINESVILLE (ALACHUA COUNTY) · LOCALDecisions publishedPartial coverage

Pension Review Committee

Thursday, March 26, 2026 · Government meeting record

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Recorded outcome

The committee formally adopted the meeting agenda.

The Pension Review Committee met to review the performance of investment firms managing city pension funds, including Principal, Loomis Sayles, and Mariner Consulting. The committee discussed real estate market trends, core investment strategies, and potential adjustments to foreign equity and real estate allocations.

Why it matters

City employees and retirees rely on these investment decisions to ensure the long-term stability and funding of their pension benefits.

What happens next

No later meeting or follow-up date is stated in the reviewed record.

Pension Review Committee — Minutes

An official outcome record - an action agenda or minutes - is published for this meeting.

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2 captured items have a publicly linked outcome.

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Item B
The committee formally adopted the meeting agenda.
Adoption of the Agenda
approved
- Pension Review Committee — Minutes
Item C
The committee approved the minutes from the previous meeting.
Approval of the Minutes
approved
- Pension Review Committee — Minutes

People and votes

David Rader

Present at this meeting

The reviewed record lists this person as present but does not attribute a motion, statement, or individual vote to them.

Pension Review Committee — Minutes

Record text

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Minutes textPension Review Committee — Minutes

1 City of Gainesville Pension Review Committee Meeting MINUTES March 26, 2026, 9:00 a.m. City Hall, Roberta Lisle Kline Conference Room (Room 16) 200 East University Ave Gainesville, FL 32601 Members Present: Matthew Barker, Patrick Keogh, Harvey Lewis, David Rader, Jonathan Visscher Others Present: Staff Present: William Johnston, Chief Investment Officer; Greg Williams, Sr. Analyst Others Present: Jim Barrett, Principal; Ross Johnson, Principal; Levi Dwyer, Loomis Sayles; Jonathan Kimbro, Loomis Sayles; Brendon Vavrica, Mariner _____________________________________________________________________ A. CALL TO ORDER The meeting was called to order at 8:58 a.m. B. ADOPTION OF THE AGENDA Moved by David Rader Seconded by Matthew Barker Approve. Approved C. APPROVAL OF THE MINUTES Moved by David Rader Seconded by Patrick Keogh 2 Approve as recommended. Approved as Recommended D. BUSINESS DISCUSSION ITEMS D.1 2026-175 Presentation by Principal (B) Ross Johnson and Jim Barrett of Principal reviewed the firm, and the Plan's US Property Fund investment. Mr. Johnson discussed the portfolio's profile, strategic theme, and performance. Principal's investment process, expected earnings, and holdings were reviewed. Current positioning, individual property selection, and valuation analysis were discussed. Industrial, retail, office and residential real estate markets were discussed in depth. The Fund's investments in data centers and the impacts of power consumption, market saturation, and AI were also discussed. Recommendation: The Pension Review Committee hear a presentation and take any action deemed appropriate. D.2 2026-176 Presentation by Loomis Sayles (B) Levi Dwyer and Jonathan Kimbro of Loomis Sayles reviewed the firm, and the Plan's investment in Loomis Sayles core disciplined alpha strategy. Mr. Dwyer discussed the portfolio profile, strategic theme, and performance. Loomis Sayles' investment process, expected earnings, top and bottom performing holdings, and portfolio turnover were also reviewed. Mr. Kimbro discussed the portfolio's asset mix, transactions and market outlook. Recommendation: The Pension Review Committee hear a presentation and take any action deemed appropriate. D.3 2026-178 Presentation by Mariner (B) Brendon Vavrica of Mariner Consulting reviewed total Plan and individual manager investment performance relative to benchmarks. Plan investment returns through the month ending February 28, 2026, were reviewed. Mr. Vavrica and Staff discussed Baillie Gifford and Pzena's lagging performance, rebalancing the Plan's foreign equity allocation, and potential real estate allocation changes. Mr. Vavrica indicated that he would provide foreign investment manager and real estate manager research material to the next meeting of the Committee. 3 Recommendation: The Pension Review Committee hear and discuss a presentation and take any action deemed appropriate. E. PUBLIC COMMENT F. MEMBER COMMENT G. NEXT MEETING DATE H. ADJOURNMENT The meeting was adjourned at 10:50 a.m.

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Agenda item BOther meeting itemsapproved
The committee formally adopted the meeting agenda.
Adoption of the Agenda
- Pension Review Committee — Minutes
Agenda item COther meeting itemsapproved
The committee approved the minutes from the previous meeting.
Approval of the Minutes
- Pension Review Committee — Minutes

Official record

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Pension Review Committee — Minutes

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Canonical record: e00448f8d5ec5b532fec835870ce134d. This page changes as stronger artifacts are published; it never overwrites an agenda with minutes.