SDCERA hires Thomas Williams as Assistant Chief Investment Officer
SAN DIEGO —The San Diego County Employees Retirement Association (SDCERA) announced today the hiring of Thomas Williams as Assistant Chief Investment Officer (ACIO) of the $10.3 billion public pension fund.
“After a comprehensive, nationwide search, we are pleased to have Tom join SDCERA’s investment team in this important role,” said Stephen Sexauer, SDCERA Chief Investment Officer.
R.W. “Bob” Goodchild elected to SDCERA Board of Retirement
On May 6, the Registrar of Voters certified the SDCERA Board of Retirement election results in the General Member election for the third seat on the Board of Retirement. R.W. “Bob” Goodchild received the majority of votes among the five candidates. Goodchild will serve a three-year term beginning July 1, 2016.
The Board of Retirement is SDCERA’s governing body, responsible for the administration of benefits and investment of Trust Fund assets. Visit the Board of Retirement Responsibilities page to learn more about the Board’s role.
SDCERA Portfolio Transition
In 2015, the SDCERA Board voted to change from an outsourced portfolio strategist investment model to an in-house investment program led by Chief Investment Officer Steve Sexauer. Steve and his team moved the management of $5 billion of SDCERA assets from the outsourced portfolio strategist to other investment managers. This transition involved moves from 1,400 different market positions on 15 worldwide exchanges. Read the report from an independent consulting firm that provides additional detail on the transition.
SDCERA Announces Adoption of Investment Policy Statement and Asset Allocation
SAN DIEGO — The San Diego County Employees Retirement Association (SDCERA) today announced that the Board of Retirement has adopted a new Investment Policy Statement (IPS) that defines investment objectives and governance. The six-chapter IPS describes the investment philosophy and strategies that will guide SDCERA Trust Fund objectives and contains specific information on subjects such as risk tolerance and liquidity requirements.
SDCERA reports final investment returns and assets under management for Fiscal Year 2015
SAN DIEGO — The San Diego County Employees Retirement Association (SDCERA) reported a final net investment return of 2.68 percent for the fiscal year ending June 30, 2015. SDCERA’s three-year net investment return was 7.86 percent, the five-year return was 9.90 percent, and the 10-year return was 6.08 percent. As of June 30, 2015, the fund has generated a 25-year return of 8.43 percent. SDCERA’s assets under management (AUM) as of June 30, 2015 were $10.3 billion.
SDCERA CEO David Wescoe discusses recent media articles
This is my first message to SDCERA’s members and beneficiaries, and I want you all to know how honored and privileged I am to be the Chief Executive Officer of your retirement association. Read more in SDCERA's For the Record: SDCERA CEO David Wescoe discusses recent media articles.