Asset Allocation

Overview

Asset Allocation

Asset allocation is an integral part of the Investment Policy and is designed to provide an optimum mix of asset classes with return expectations that reflect expected liabilities. Assets are divided into seven portions: global equity, global fixed income, real estate, real assets, alternative investments, opportunistic and incidental cash. 

The Board of Retirement implements the asset allocation plan by hiring investment managers to invest assets on CCCERA’s behalf, subject to specific guidelines incorporated into each firm’s contract. CCCERA’s Chief Investment Officer and the outside investment consultant (Verus) assist the Board with the design and implementation of the asset allocation as depicted in the charts below.

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Asset Allocation Charts

Current Target Asset Allocation

As of September 30, 2016

 

Long-Term Target Asset Allocation

As of September 30, 2016

 

Commands