SamCERA’s Investment Program
SamCERA’s Board of Retirement manages the multi-billion dollar
pension trust that funds the retirement benefits for members and
their beneficiaries. The Board’s investment strategy reduces
the volatility of returns through diversification of the
portfolio across a broad selection of asset classes.
The Chief Executive Officer (CEO) hires a Chief Investment
Officer (CIO) to advise the Board and to carry out and administer
the investment decisions made by the Board.
Additionally, the Board contracts with an investment consultant.
The CIO, in conjunction with the investment consultant, makes
recommendations to the Board regarding the investment program,
its structure, investment products and investment managers.