Institutional Investors

Orange County begins asset study


The Orange County Employees' Retirement System will be conducting an asset liability study jointly with Callan Associates and the $8 billion pension fund's actuary The Segal Company.

The retirement board plans to review the risk/return profile of the investment policy and to analyse the broad mix of major asset classes, including absolute return strategies. Callan will develop a number of alternative policies for the board. The current investment policy includes a 7% absolute return mandate.

Trustees last year approved a plan to allocate up to 3% of the investment portfolio to