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Board of Retirement Investment Information
2020 June Board Meeting

At its meeting on June 2, 2020, no board action was taken related to SamCERA’s investment commitments or hires.

More information on SamCERA’s commitments may be available in SamCERA’s Board of Retirement meeting minutes. Minutes for a given Board meeting are usually approved at the next regular meeting and will be posted shortly thereafter. 

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Board of Retirement Investment Information
2020 April Board Meeting

At its meeting on April 28, 2020, the Board of Retirement approved an initial investment of 4% of plan assets (or approximately $180 million) in the NISA Core Bond strategy to be placed in the Diversifying risk category (Fixed Income asset class composite) within the Core Fixed Income portfolio.

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Board of Retirement Investment Information
2020 April Special Board Meeting

At its special meeting on April 6, 2020, the Board of Retirement approved a $25 million capital commitment to Angelo Gordon (AG) Credit Solutions Fund Annex Dislocation Fund, L.P., as part of SamCERA’s opportunistic credit portfolio.

No further board action was taken related to SamCERA’s investment commitments or hires.

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Board of Retirement Investment Information
2020 March Board Meeting

At its meeting on March 24, 2020, no board action was taken related to SamCERA’s investment commitments or hires.

More information on SamCERA’s commitments may be available in SamCERA’s Board of Retirement meeting minutes. Minutes for a given Board meeting are usually approved at the next regular meeting and will be posted shortly thereafter. 

Announcement

Coronavirus (COVID-19) Update
Please read this important notice regarding office closure and changes to SamCERA services and programs in response to Coronavirus (COVID-19).

SamCERA is committed to the safety and health of our members and community, and to slow the spread of coronavirus (COVID-19), we are implementing several safety precautions in our programs and services.

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Board of Retirement Investment Information
2020 February Board Meeting

At its meeting on February 25, 2020, the Board of Retirement approved a $30 million investment in the Brookfield Super Core Infrastructure fund as part of the Private Real Asset composite within the Inflation Hedge portfolio.

No further board action was taken related to SamCERA’s investment commitments or hires.

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Board of Retirement Investment Information
2020 January Board Meeting

At its meeting on January 28, 2020, the Board of Retirement approved a $75 million investment to Graham Capital Quantitative Global Macro strategy to be placed in the Diversifying risk category (Alternatives asset class composite) within the Absolute Return portfolio.

The Board also approved a $75 million investment to PIMCO Multi-Asset Alternative Risk Premia (MAARS) strategy to be placed in the Diversifying risk category (Alternatives asset class composite) within the Absolute Return portfolio.

Announcement

COLA Increase for 2020
At its January 28, 2020 meeting, the Board of Retirement approved a cost-of-living adjustment (COLA) for most retirees and beneficiaries.

At its January 28, 2020 meeting, the Board of Retirement approved a cost-of-living adjustment (COLA) for retirees and beneficiaries in accordance with each plan as shown on the chart below:

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Board of Retirement Investment Information
2019 December Board Meeting

At its meeting on December 3, 2019, the Board of Retirement approved a $15 million commitment to Angelo Gordon Credit Solutions Fund L.P.

No further board action was taken related to SamCERA’s investment commitments or hires.

More information on SamCERA’s commitments may be available in SamCERA’s Board of Retirement meeting minutes. Minutes for a given Board meeting are usually approved at the next regular meeting, and will be posted shortly thereafter. 

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Board of Retirement Investment Information
2019 October Board Meeting

At its meeting on October 29, 2019, the Board approved a new asset allocation policy, which included a 3% increase to Growth and 8% increase to Diversifying with a corresponding 3% reduction to Inflation Hedge and 8% reduction to Risk Parity.  No board action was taken related to SamCERA’s investment commitments or hires.

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Board of Retirement Investment Information
2019 September Board Meeting

At its meeting on September 24, 2019, no board action was taken related to SamCERA’s investment commitments or hires.

More information on SamCERA’s commitments may be available in SamCERA’s Board of Retirement meeting minutes. Minutes for a given Board meeting are usually approved at the next regular meeting, and will be posted shortly thereafter. 

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Board of Retirement Investment Information
2019 August Board Meeting

At its meeting on August 27, 2019, no board action was taken related to SamCERA’s investment commitments or hires.

More information on SamCERA’s commitments may be available in SamCERA’s Board of Retirement meeting minutes. Minutes for a given Board meeting are usually approved at the next regular meeting, and will be posted shortly thereafter. 

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Board of Retirement Investment Information
2019 July Board Meeting

At its meeting on July 16, 2019, the Board of Retirement approved a commitment of $30 million to Harrison Street Core Property Fund, L.P., as part of SamCERA’s real estate portfolio.

No further board action was taken related to SamCERA’s investment commitments or hires.

More information on SamCERA’s commitments may be available in SamCERA’s Board of Retirement meeting minutes. Minutes for a given Board meeting are usually approved at the next regular meeting, and will be posted shortly thereafter. 

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(pictured left to right: Supervisor Dave Pine, SamCERA CEO Scott Hood, Supervisor Carole Groom, San Mateo County Treasurer/SamCERA Board President Sandie Arnott, Supervisor Don Horsley, Supervisor Warren Slocum, and Supervisor David Canepa.)

Celebrating 75 Years!
On July 9, 2019, the San Mateo County Board of Supervisors presented SamCERA with a resolution in recognition of our 75th anniversary.

SamCERA was founded on July 1, 1944 by the San Mateo County Board of Supervisors, and for the past 75 years, we have remained dedicated to serve as loyal fiduciary for our members and as prudent administrator of the retirement system.

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Board of Retirement Investment Information
2019 June Board Meeting

At its meeting on June 4, 2019, the Board of Retirement approved a re-up commitment of $20 million to Great Hill Equity Partners VII, LP, as part of SamCERA’s private equity portfolio.

The Board also approved a commitment of $10 million to Altas Partners Holdings II, LP, as part of SamCERA’s private equity portfolio. 

Lastly, the Board of Retirement approved a re-up commitment of $35 million to BlackRock Direct Lending Fund IX, LLC, as part of SamCERA’s opportunistic credit portfolio within fixed income.

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Board of Retirement Investment Information
2019 March Board Meeting

At its meeting on March 26, 2019, the Board of Retirement authorized the CEO to execute an agreement with Brown Armstrong for auditing services.

No board action was taken related to SamCERA’s investment commitments or hires.

More information on SamCERA’s commitments may be available in SamCERA’s Board of Retirement meeting minutes. Minutes for a given Board meeting are usually approved at the next regular meeting, and will be posted shortly thereafter.