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 asset allocation charts below.

Asset Allocation Target and Ranges – Adopted June 27, 2018

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Asset Allocation Charts

Current Target Asset Allocation

As of March 31, 2018

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Our Investment Strategy
New asset allocation close to implementation

    CCCERA’s primary function is to deliver timely and accurate pension benefits to Association members. Pension benefits represent the total of employer and member contributions, and market returns on the investment of those contributions over time. Pension fund trustees have a fiduciary responsibility to carefully invest plan assets to generate market returns while being mindful of the safety of the hard earned contributions.

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