Hawaii ERS Approves New Long-Term Policy Target Allocations
Written by: Koncheng Moua, Director of Data Management and Strategy
The Hawaii Employees’ Retirement System has approved a new long-term policy asset allocation target.
The new target increases illiquid/private markets, redefines sub-strategies, and utilizes diversifying strategies and public/private growth to increase/decrease risk.
The following was approved at the June Board meeting:
- Public Equity: 20% (-6%)
- Private Equity: 19% (+0.8%)
- Liquid Credit 4% (+2.7%)
- Private Credit: 8% (+5.2%)
- Real Assets: 19% (+4.7%)
- Liquid Defensive: 26% (+10.3%)
- Liquid Diversifying: 0% (-14%)
- Illiquid Diversifying: 4% (-1.3%)
Meketa assisted with the asset-liability study and recommendation.
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