CIO Webinar: A Conversation With SBCERA’s CIO

The $13.4 billion San Bernardino County Employees’ Retirement Association, which already has lower exposure to equities than many of its peers, decided to move out of international and emerging markets stocks and more into U.S. equities. Join CIO’s next Allocator Insights webinar to hear SBCERA’s CIO Donald Pierce discuss that decision, how they reached it and what impact the strong dollar had on that move and on the rest of the portfolio. Pierce will also talk about: • The cash SBCERA is keeping on hand, and where they are seeing opportunities to add income-generating assets; • What asset classes are most important to achieving the plan’s 7.25% assumed rate of return in a low-return environment; and • How the fund is managing global and domestic fixed income in a time of rising interest rates and inflation. Attendees will also learn how SBCERA is thinking about the war in Ukraine and other geopolitical tensions relative to the portfolio, and they will gain insight into the fund’s research and decision making process and when SBCERA will reevaluate it.