Investment Managers

StatisticsSCERA maintains a portfolio with a broad range of allocations to provide diversification and help mitigate market volatility, and to produce a solid return that is in line with the expectations of our funding models. SCERA has funds invested with a number of investment management firms who are chosen during active searches for specific products. These managers come with the recommendation of SCERA's staff and the Plan's investment consultant and are monitored closely for compliance with risk standards and performance expectations. 

The Plan's investment consultant is Aon Hewitt Investment Consulting, based in Chicago. The consultant advises the Retirement Board and staff on the engagement and retention of SCERA's investment managers, the structure of the Plan's investment program and a wide variety of investment issues. In carrying out this responsibility the investment consultant attends the Investment Committee's monthly meetings, certain Retirement Board meetings that address investment topics, and the Board's annual Planning Session. 

SCERA is currently invested with the managers listed below. Investment strategies and commingled fund vehicles are indicated.

Core Plus Fixed Income
Doubleline Capital LP
PIMCO Investments
Reams Asset Management

Alternative Fixed Income
Guggenheim (Bank Loans)
Neuberger Berman (Unconstrained Bonds)

U.S. Broad Mandate Equity
Jacobs Levy

Large Cap Value Equity
Dodge & Cox

Large Cap Growth Equity
State Street Global Advisors

Small Cap Value Equity
Systematic Financial Management

Small Cap Growth Equity
State Street Global Advisors

Non-US Equity
Arrowstreet Capital
State Street Global Advisors
Templeton Investment Counsel

Global Equity
Templeton Investment Council

Global Asset Allocation
Grantham, Mayo, Van Otterloo (GMO)

Real Estate
JPMorgan Strategic Property Fund
RREEF America III Fund
UBS AgriVest Farmland Fund
UBS Trumbull Property Fund

Opportunistic Credit
Davidson Kempner