San Bernardino mixes FoHFs and funds for tailored alpha overlay

February 02, 2012  


Alternatives are a core strategy to meet future pension benefits at SBCERA, which at 65 is not yet ready to retire


By Ann C. Logue

James Perry
San Bernardino County is 100 kilometres east of Los Angeles, located along historic Route 66. The inland area has mountains, deserts, and agricultural land, which makes for a diverse economy. The San Bernardino County Employees Retirement Association (SBCERA) manages the pension fund for 21 different county agencies.

The plan covers 19,258 active members who work as firefighters, judges, librarians, park rangers and police officers. Some of those agencies offer...

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Data

Indices April 2012 Fund of Funds

Composite
Index Composite
InvestHedgeApr 12YTD%
Composite-0.30%2.25%40%
Arbitrage USD-0.19%1.99%43%
Asian Pacific Fund of Funds-0.57%2.83%25%
Asset Based Lending0.00%0.00%0%
Commodities0.16%2.05%33%
Distressed-0.12%2.94%42%
Emerging Managers-0.10%2.18%50%
Emerging Markets Hedge USD-0.49%3.48%15%
European Equity EUR-0.15%2.87%70%
European Multi Strategy EUR-0.50%4.14%50%
Fixed Income USD-0.20%2.76%45%
Global Equity USD-0.17%4.17%43%
Global Macro Currency USD-0.60%-0.09%49%
Global Multi Strategy EUR-0.40%1.58%29%
Global Multi Strategy USD-0.27%2.39%37%
Leveraged Global Multi-Strategy USD-2.49%-0.53%40%
Self-Invested Fund of Funds USD-0.45%3.50%95%
US Equity-0.73%5.22%44%

More indices