At its meeting on October 30, 2018, the Board of Retirement approved to hire Acadian Asset Management and PanAgora Asset Management for a low volatility equity mandate with an initial investment of 3% of plan assets (approximately $125-135 million) to each manager for a total allocation of 6% of plan assets (approximately $250-$270 million in aggregate).  

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.