Tag: San Francisco Employees’ Retirement System
SFERS encourages business to be creative in supporting the COVID-19 relief effort and to ‘utilize the current crisis to lead the human experience to new heights.’
The city employees’ retirement system joins others around the world who’ve promised to do the same.
For now, the union-backed housing trust fixed income mutual fund is a winner, avoiding being fired by the San Francisco Employees’ Retirement System board.
The pension system will need to make major new investments in 2019 to keep its large private markets portfolio intact. In the case of private credit, the investments will also help build the asset class.
Dimensional Fund Advisors is the latest manager to be fired by the SFERS board due to performance issues for two of its investment strategies.
The investment made up 6.5% of the system’s approximate $3.5 billion small cap strategy.
In the span of a year, the system has become one of the largest players among US pension systems.
The New York City firm is selected to manage an international portfolio even as other international equity strategies are being trimmed of their assets.
AQR, William Blair, and DFA all have seen their international equity strategies reduced by the San Francisco Employees’ Retirement System.
The San Francisco system makes four more private market commitments, adding to the more than $3 billion already committed this year.