The board of trustees of the approximately $16.5 billion San Diego County Employees' Retirement Association (SDCERA) has approved changes to the fund’s asset allocation strategy for its fiscal 2023. They include its creation of a private debt bucket to include up to 3% of the Association’s assets, or approximately $500 million, a spokesperson confirmed.
At the board’s June 16 meeting, the board also approved changes to the contract of its specialist investment consultant Albourne America.
Stephen Sexauer, CIO and his staff have recommended and received board approval for the following changes . . .
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