The Sonoma County Employees’ Retirement Association has approved a $125 million investment in the Fiera Comox Global Agriculture fund.
The investment was approved at the August 25 board meeting and will serve to implement the policy decision to increase the Farmland target allocation from 5% to 8%.
The pension fund’s consultant, Aon, assisted with due diligence.
As of June 30, 2022, the $3.2 billion Retirement Association has an actual and target allocation to real assets of 23.6% and 20% respectively.
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