Montgomery County, Md., seeks investment analyst
By Hazel Bradford | October 9, 2012 1:19 pm
Montgomery County, Rockville, Md., is looking for an investment analyst to manage and oversee investment programs for the county's retirement and other trust funds.
In the quarter ended March 31, the Montgomery County Employees' Retirement System defined benefit plan had $2.98 billion in assets. The one-year return reported for the same period was 8.21% before fees. The five-year annualized return was 5.02%, according to a June 29 report to the Montgomery County Council.
The county's defined benefit plan was closed to new hires in 1994, except for public safety employees. A defined contribution plan started in 1994 had $185 million in assets as of June 30, 2011. The county also has a voluntary deferred compensation plan with $274 million in assets as of the same date.
Information on the investment analyst search, which closes Oct. 18, is available from the Montgomery County website.
Linda Herman, executive director of the pension fund, could not be reached by press time for further information.