Monday, May 7, 2012

An Asset Allocation Shift - SFERS

On August 17, 2011, the Investment Committee from the San Francisco Employees' Retirement System (SFERS) agreed to move for Retirement Board consent a new asset allocation - this asset allocation was approved by the Retirement Board on September 14, 2011.

Exposure to domestic equities will be reduced from 26.0% to 23.5%. Accordingly, exposure to international equities and alternative investments will rise by 0.5% and 2.0% to 23.5% and 16.0%, respectively.

Although the actions took place roughly eight months ago, these targets are strategic and will be met over a longer-term horizon.