Institutional Investors

SBCERA revamps Stamos platform structure


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