According to materials from the January 23, 2024 board meeting, the Stanislaus County Employees’ Retirement Association has approved changes to its target asset allocation mix.
The following was approved:
- US Large Cap: 14% (-2%)
- Non-US Equity: 18% (-2%)
- Public Credit: 4% (+4%)
- US TIPS: 4% (+4%)
- Risk Parity: 4% (-6%)
- Liquid Absolute Return: 5% (+2%)
As a result of new asset classes being targeted, three searches are being prepared for 2024.
A U.S. TIPS manager search is being planned. A liquid absolute return manager search will be conducted to replace Invesco, and the third search will be for a public credit manager.
The searches and target asset allocation updates will be interspersed throughout the year.
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