San Diego County Pension Fund Dumps Salient PartnersMani
San Diego County Employees Retirement Association said on Thursday it would end its investment advisory service agreement with Salient Partners, effective Aug. 15. The San Diego County fund, or SDCERA, replaced its outsourced CIO, Salient, with internal CIO Stephen Sexauer, who was hired in May.
SDCERA ends controversial “risk-parity” strategy
The San Diego County Employees Retirement Association, a large California pension fund, said last week that it would terminate its six-year relationship with Houston-based Salient. The fund's Salient-led strategy had accounted for one-fifth of its roughly $10.5 billion in assets. The county had . . .
This content is exclusively for paying members.
If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.