SCERS Recognized for Investment Management Success
Institutional Investor, a leading international business to business publisher focused primarily on international finance, has announced that SCERS is one of four nominees for the ‘Small Public Plan of the Year’ in their 12th Annual Hedge Fund Industry Awards. These awards recognize the hedge fund investors, managers, and consultants that stood out for their innovation, achievements, and contributions to the industry in 2013.
The other nominees in the ‘Small Public Plan’ category include the Fire and Police Pension Association of Colorado, the City of Philadelphia Municipal Retirement System, and the Orange County Employees’ Retirement System.
This nomination is an honor that reflects industry-wide recognition of SCERS’ accomplishments in the investment field and is validation of SCERS’ commitment to the stewardship of the retirement assets of SCERS’ members.
You can read a press release about the investment award nomination here
SCERS Chief Investment Officer Recognized by Investment Industry
SCERS Chief Investment Officer Scott Chan was named one of aiCIO's 2013 Power 100 Chief Investment Officers. The aiCIO Power 100 consists of the most influential and powerful people in the world of pension, endowment, foundation, insurance, and sovereign fund investing. Mr. Chan was also nominated for Chief Investment Officer of the Year by Institutional Investor, a leading international business to business publisher focused primarily on international finance.
SCERS is proud of Mr. Chan and appreciates his efforts in leading SCERS' strong investment performance.
SCERS' Stakeholders Benefit from Strong Investment Performance
The Sacramento Bee reports the good news that SCERS, with a 16.5% investment return last year, continues to grow stronger, and that SCERS' strong investment performance since the 2007-2009 market collapse -- 12.3% annually -- has substantially reduced the impact of the market collapse on employer pension costs over the last five years. You can read the story here
The SCERS' investment report that is referenced in the Bee article (the '2013 Investment Year in Review') can be viewed here
SCERS Nominated for aiCIO’s Industry Innovation Award for Pension Plans with Under $15 billion in Assets
The aiCIO Industry Innovation Awards recognize the world’s leading institutional investors in ten categories, including foundations, endowments, corporate plans, sovereign wealth funds, and public pension plans of various asset levels. The nominees come from around the globe, and SCERS is one of six nominees in the category of public pension funds with $15 Billion or less in assets. Last year the winner in this category was the CERN Pension Fund, which is the Switzerland-based pension fund for the European nuclear regulatory agency.
The other nominees for the under $15 Billion category are:
- Arizona PSPRS
- City of Philadelphia Board of Pensions and Retirement
- Merseyside Pension Fund
- Missouri State Employees’ Retirement System
- San Bernardino County Employees’ Retirement Association
While this is clearly stiff competition, and regardless of the outcome, SCERS believes this nomination reflects and validates that SCERS’ investment program is in the top ranks of public pension funds.
The California Public Employees' Pension Reform Act of 2013
The California Public Employees’ Pension Reform Act of 2013 (CalPEPRA) was adopted in August 2012 and went into effect on January 1, 2013. While a definitive interpretation of the 38-page bill is still evolving, SCERS has developed an impact analysis to help SCERS' members, retirees, and participating employers to assess how the new law will affect them.
Please bear in mind, however, that while the comments in this May 29, 2013 analysis
reflect SCERS’ current assessment of the law, it is possible that SCERS’ interpretation could change based on subsequent information, action, or legislation. Accordingly, please continue to check back with this website to see additional updates as we assess all of the implications of the new law.