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 Fixed Income

  • DoubleLine Capital
  • Pacific Investment Management Co. (PIMCO)
  • Reams Asset Management

Alternative Fixed Income

  • Guggenheim Partners

Broad U.S. Equity

  • Jacobs Levy

Large Cap U.S. Equity

  • State Street Global Advisors

Small Cap U.S. Equity

  • Systematic Financial Management

Non-US Equity

  • Arrowstreet Capital
  • State Street Global Advisors

Global Equity

  • Dodge & Cox
  • Hexavest

Global Asset Allocation

  • Grantham, Mayo, Van Otterloo & Co.

Real Estate

  • J.P. Morgan
  • UBS Realty Investors

Farmland

  • UBS Farmland Investors

Infrastructure

  • IFM Investors
  • Axium Infrastructure

Opportunistic

  • Davidson Kempner
  • TCW

Overlays

  • Parametric – Cash
  • Parametric – Equity Insurance Risk Premium