Hawaii ERS Approves New Long-Term Policy Target Allocations

The Hawaii Employees’ Retirement System has approved a new long-term policy asset allocation target.

The new target increases illiquid/private markets, redefines sub-strategies, and utilizes diversifying strategies and public/private growth to increase/decrease risk.

The following was approved at the June Board meeting:

-    Public Equity: 20% (-6%)

-    Private Equity: 19% (+0.8%)

-    Liquid Credit 4% (+2.7%)

-    Private Credit: 8% (+5.2%)

-    Real Assets: 19% (+4.7%)

-    Liquid Defensive: 26% (+10.3%)

-    Liquid Diversifying: 0% (-14%)

-    Illiquid Diversifying: 4% (-1.3%)

Meketa assisted with the asset-liability study and recommendation.

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Written By: Koncheng Moua, Director of Data Management and Strategy

Koncheng Moua is the Director of Data Management and Strategy at Dakota.