The $13.24 billion San Bernardino County Employees' Retirement Administration (SBCERA) tweaked its asset mix based on a new asset liability study completed recently by trustees and consultant NEPC.
Trustees approved a 2% allocation to non-U.S. private equity and an allocation of 1% to private real assets in order to meet stronger performance expectations across the pension portfolio. The mandates will be funded equally from SBCERA’s current non-U.S. bonds, core real estate and non-core real estate investments.
SBCERA’s funded status fell 7.6% over the 2020 fiscal year . . .
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