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Santa Barbara PF Ups EQs, RE Allocations

The Santa Barbara County (Calif.) Employees’ Retirement System has boosted its allocations to equities, real estate and real return and lowered allocations to fixed income in a new three-year evolving asset allocation policy.

The Santa Barbara County (Calif.) Employees’ Retirement System has boosted its allocations to equities, real estate and real return and lowered allocations to fixed income in a new three-year evolving asset allocation policy, Pensions & Investments reports. Allocations to global equity have been increased four percentage points to 59 percent, private equity three percentage points to 8 percent and real estate four percentage points to 8 percent.

Real-return allocations have been boosted five percentage points to 9 percent, and fixed-income halved to 15 percent from 30 percent and cash to 1 percent from 2 percent. The MSCI ACW Investible Market index was adopted by the retirement system’s board for its global equity to set its global equity weightings. Meanwhile, the $1.89 billion system has picked PCA to help search for a transaction cost analysis services provider.

Click here for the story from Pensions & Investments.

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