The San Diego City Employees’ Retirement System reviewed a new recommended structure for their return-seeking fixed income allocation at the July 7 meeting.
The proposed structure would give a 40% allocation each to two multi-asset credit managers and a 20% allocation to one emerging market debt manager.
The current structure is split between three emerging market debt managers, Wellington (32%), Stone Harbor (35%), and Ninety One (33%).
The $10.8 billion Retirement System’s general consultant, Aon, will bring manager recommendations for review at the September meetings.
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