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FUNDRAISING NEWS | December 16, 2024
Tags: Pension Funds, Fixed Income, New Investment
Kern County Employees’ Retirement Association (KCERA) has formally approved the $240M commitment considered for Aristotle Short Duration Bond Strategy, per agenda materials for its December 11 board meeting.
Dakota previously reported on December 2 that the pension was considering the allocation as recommended by staff and its CIO to maintain exposure in short-term investment-grade credit, which falls under the core allocation in its fixed income portfolio. The $1.2B asset class currently carries a 25% target weight split between core (15%) and credit (10%).
As of October 30, KCERA has currently allocated 18.5% of its $5.8B total assets to fixed income across eight funds, excluding the recent Aristotle commitment. The core subasset portfolio accounts for 9.7% of fixed income allocations, while credit accounts for 8.8%.
Written By: Dakota
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