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 . . .
Continue Reading With Our Special Offer
Unlock this article instantly, along with the rest of our premium content and newsletters, with a 20% discount by using the coupon code VIDRIO2021.
Already a subscriber? Log in.