The $5.9 billion
San Bernardino County Employees Retirement Association is close
to implementing a new platform structure with Sterling Stamos
Capital Management, which would assist the pension fund to
overcome issues with traditional fund of funds such as the
focus on lower volatility, higher liquidity strategies.
Last month, the investment committee approved a proposal to
change over the $170 million mandate with the Sterling Stamos
Global Credit Opportunities Fund to the platform structure that
would begin on 1 January. It would direct further hedge fund
investments that are currently peppered throughout the San
Bernardino portfolio to it. The pension fund will be able to
have co-investment opportunities via the new platform.
For San Bernardino, the restructuring of...