Board of Retirement Investment Commitments
2016 July Board Meeting
At its meeting on July 27, 2016, the Board of Retirement approved the hire of Quantitative Management Associates (QMA) for a Small-Cap Core mandate with an initial investment of $110 million.
The Board also approved the shift of SamCERA’s current commodity exposure (approximately $85-90 million) to a new custom liquid real asset strategy managed by State Street Global Advisors (SSGA).
Additionally, the Board approved a $10 million capital commitment to Angeles Equity Partners I, L.P., as part of SamCERA’s allocation to private equity.
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.