Friday, September 25, 2015
Monthly Investment Portfolio Report update
As of August 31, 2015, OCERS' total fund was more
than $12.1 billion.
Market Dislocation Strategies actions approved
In other action taken on September 23, 2015, the Investment Committee unanimously approved several actions related to OCERS' market dislocation investment strategy position.
For the real return portfolio segment, the Committee approved a commitment of $100 million to Kayne Anderson for midstream energy investments subject to final due diligence, contract negotiations and CIO implementation.
The second action directed the OCERS CIO to prepare subscription documents on a standby basis for a supplemental investment in OCERS' BlackRock Orange DisloCredit fund, subject to future review of that strategy by the OCERS Investment Committee if deemed timely by the CIO and NEPC.
Investment Committee removes PIMCO from watch list
The investment performance for the various strategies for the time span they have been on watch has been in line with benchmarks. PIMCO has been managing assets for OCERS since May 1982, and currently manages just under $1 billion across five strategies on behalf of OCERS.
The next regular Board of Retirement meeting will be held at 9 a.m. on Monday, October 19, 2015; the next Investment Committee meeting will be held at 9 a.m. on Wednesday, October 28, 2015. Both meetings will be held in the Board Room at OCERS, 2223 E. Wellington Avenue, Suite 100, Santa Ana, CA.