NYCDCP: Copper Rock Performance Getting Worse

The poor investment performance of the Copper Rock fund in the NYC Deferred Comp International Equity Fund continues.  As previously posted (here and here), the selection of Copper Rock to manage a portion of the NYC Deferred Comp International Equity Fund was a mistake.  Click here to view the 12/31/2018 quarterly performance report for Copper Rock.  Maybe the Copper Rock fund recovered in the first quarter of 2019, but NYCDCP participants are not able to find out because the NYCDCP does not update their performance reports in a timely manner.

NYCDCP Copper Rock Performance vs. Benchmark (as of 12/31/2018)

1-year performance

3-year performance

Since inception

NYCDCP Copper Rock Fund (net fees)

-18.3%

-2.0%

5.8%

MSCI EAFE Small
Cap Index (benchmark)
-16% 4.1%

8.1%

1 reply
  1. Mark
    Mark says:

    “The fee schedule for the New York City Deferred Compensation Plan Portfolio is 0.70% on the first $50 million and 0.60% on the remainder.” That’s a lot to pay for a company that can’t even match the index, let alone beat it. The Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares is .16% – and the ETF actually beat the index!

    The DCP could probably save a ton of money going to index options for the remainder of their funds. Maybe they would get the performance reports out in a timely manner.

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