• Home
  • About Us
  • Contact
  • Subscribe
  • Your Account
No Result
View All Result
Tuesday, March 28, 2023
Alternatives Watch
  • Hedge Funds
    • Manager News
    • Mandates
    • Service Provider News
    • CTAs/Managed Futures
  • Private Equity
    • Manager News
    • Mandates
    • Service Provider News
  • Private Credit
    • Manager News
    • Mandates
    • Service Provider News
  • RE/Infrastructure
    • Manager News
    • Mandates
    • Service Provider News
  • Investor News
    • Endowments and Foundations
    • ESG
    • Pensions
    • Platforms
    • Consultants
  • Research
    • Investor Scorecard
    • Manager Scorecard
  • Subscribe
  • Log In
  • Hedge Funds
    • Manager News
    • Mandates
    • Service Provider News
    • CTAs/Managed Futures
  • Private Equity
    • Manager News
    • Mandates
    • Service Provider News
  • Private Credit
    • Manager News
    • Mandates
    • Service Provider News
  • RE/Infrastructure
    • Manager News
    • Mandates
    • Service Provider News
  • Investor News
    • Endowments and Foundations
    • ESG
    • Pensions
    • Platforms
    • Consultants
  • Research
    • Investor Scorecard
    • Manager Scorecard
  • Subscribe
  • Log In
No Result
View All Result
Alternatives Watch
No Result
View All Result

San Mateo adds $500m to diversifying risk portfolio

Susan BarretobySusan Barreto
February 5, 2020
in Hedge Funds, Investor News, Mandates, Open Access, Pensions
San Mateo adds $500m diversifying risk portfolio
ShareTweetShareSendSend

The $4.9 billion San Mateo County Employees’ Retirement Association (SamCERA) approved new allocations to absolute return and core fixed-income strategies within its diversifying risk category at trustees’ January 28 meeting.

The diversifying risk category has been expanding with the alternatives portfolio totaling $542 million at year end.

A $75 million investment was made to the Graham Capital Quantitative Global Macro strategy and another $75 million to PIMCO Multi-Asset Alternative Risk Premia (MAARS) strategy. Both investments are absolute return strategies.

At the end of 2019, the absolute return program totaled $239 million (4.8% of the overall portfolio) and included allocations to AQR and Aberdeen. The portfolio ended 2019 down 3.3%.

Trustees approved at the end of January a $200 million investment to DoubleLine Securitized Income strategy to also be housed in the diversifying risk category within the fixed-income portfolio.

The move is the result of board approval back in September of an updated asset allocation policy, with the largest changes being the removal of risk parity and a resulting increase in the allocation of core fixed income from 14% to 21%. In October, the board approved an implementation plan that adds this core fixed-income exposure in multiple stages.

In December 2019, staff and consultant Verus performed onsite due diligence visits with DoubleLine and Loomis Sayles. While they said both firms were appropriate candidates for the mandate, DoubleLine’s depth of resources and experience in securitized markets, coupled with securitized assets being a core competency of the firm, lead staff and Verus to recommend the DoubleLine Securitized Income strategy for the mandate.

ShareTweetShareSendSend
Previous Post

Blackstone raises $1.4bn for 5G investment

Next Post

Vanguard partners with HarbourVest to offer private equity

Related Posts

Nuveen survey: Inflation fears driving alt asset rethink
Investor News

Nuveen survey: Inflation fears driving alt asset rethink

Marathon hires Curt Lueker for direct lending
Private Credit

Marathon hires for direct lending

Milltrust doubles down on sustainable investment with UK-focused BIF II
Private Equity

Milltrust doubles down on sustainable investment with UK-focused BIF II

Oregon adds over $1bn across PE, alts
Endowments and Foundations

Oregon adds over $1bn across PE, alts

Texas pension lowers annual budgeted allocations to PE
Pensions

Texas pension lowers annual budgeted allocations to PE

Next Post
Vanguard partners with HarbourVest to offer private equity to individual investors

Vanguard partners with HarbourVest to offer private equity

Log In/Out

Lost your password?

Search the AW Archives

No Result
View All Result

Recent News

Nuveen survey: Inflation fears driving alt asset rethink

Nuveen survey: Inflation fears driving alt asset rethink

Parthenon closes latest fund at $4.5bn

Parthenon closes latest fund at $4.5bn

Marathon hires Curt Lueker for direct lending

Marathon hires for direct lending

Milltrust doubles down on sustainable investment with UK-focused BIF II

Milltrust doubles down on sustainable investment with UK-focused BIF II

Be an Alts Insider

Sign up for your FREE daily alts news briefing

Subscribe

Subscribe to AW
Alternatives Watch

© 2019-2022, All Rights Reserved  |  BMV Digital

Navigate Site

  • Investor News
  • Private Equity
  • Private Credit
  • Hedge Funds
  • Real Estate/Infrastructure
  • Subscribe
  • Your Membership
  • Terms of Service
  • Privacy Policy

Follow Us

No Result
View All Result
  • Hedge Funds
    • Manager News
    • Mandates
    • Service Provider News
    • CTAs/Managed Futures
  • Private Equity
    • Manager News
    • Mandates
    • Service Provider News
  • Private Credit
    • Manager News
    • Mandates
    • Service Provider News
  • RE/Infrastructure
    • Manager News
    • Mandates
    • Service Provider News
  • Investor News
    • Endowments and Foundations
    • ESG
    • Pensions
    • Platforms
    • Consultants
  • Research
    • Investor Scorecard
    • Manager Scorecard
  • Subscribe
  • Log In

© 2019-2022, All Rights Reserved  |  BMV Digital

Lost your password?

Be an alts insider

Start your days in the know with our free newsletter

No, I don't want to be an alts insider

Thank

You!

Follow us
on LinkedIn

This Website Uses Cookies
We use cookies on our website to provide necessary functions. By clicking “Accept”, you consent to the use of all strictly necessary cookies.
Do not sell my personal information.
Cookie Settings Accept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Save & Accept
Powered by CookieYes Logo