At the meeting on July 24, 2018, staff notified the Board that the Cushing MLP Alpha Total Return was selected for its MLP strategy, in accordance with the Board’s direction, and that the $80 million funding will be sourced 50% from TIPS and 50% from liquid real assets. 

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.