Alameda County Retirement Approves Asset Allocation Updates

Alameda County Employees’ Retirement Association (ACERA) has approved seven asset allocation distribution updates to their allocation mix, per July 18 meeting materials.

Public equity and private equity policy allocations are to remain at 48% and 11% respectively.

Fixed income will see an overall allocation increase of 2.8%, from 18% to 20.8%. Within fixed income, 2.5% will be reallocated from Safe Haven Bonds to Risk-seeking bonds, bringing the allocations to 10% and 4% respectively. Private credit will see an increase of 2.8%, bringing the policy target from 4% to 6.8%.

Total Real Assets will see an overall decrease of .8%. Public Real Assets will see a decrease of 1.5%, bringing it down to 0% in asset allocation. Private real estate is changed from 9% to 8.2%, a decrease of .8%. Also in real assets, private infrastructure/natural resources will go from 4.5% to 6%, an allocation increase of 1.5%.

Lastly, hedge funds will see a decrease of 2%, bringing the asset allocation from 8% to 6%.

As of December 31, 2023, ACERA has a market value of $11.25 billion.

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