FUNDRAISING NEWS | December 02, 2024
Tags: Pension Funds, Fixed Income, New Investment
Kern County Employees’ Retirement Association is considering a commitment of up to $240M to a US fixed income short duration strategy, pending board approval.
The pension’s CIO and senior investment personnel issued a memo dated December 2 recommending the investment in Aristotle Short Duration Bond Strategy, which will fulfill the 4% policy allocation to short-term investment-grade credit. This asset subclass is part of the 15% core allocation under the 25% fixed-income umbrella, with the remaining 10% representing credit allocation.
Kern County said that its fixed income policy is valued at $1.2B, with its core fixed income accounting for $723M or 11.8% of the pension portfolio, as of September 30.
For more public pension insights and a comprehensive library of public plan minutes, book a demo of Dakota Marketplace!
Written By: Dakota
Monroe County Taps Hudson Edge in Int’l Equity Search
February 11, 2025
Dallas ERF Reduces Ariel Allocation to $40M, Drops Wamco
February 07, 2025
Kentucky Teachers Commits $50M to Galliard Core Fixed Income Fund
February 07, 2025
Wayne County ERS Gives Marathon $5M Top-up on CMBS Allocation
January 28, 2025
Taunton CRS Invests $7M in PRIM 2025, Eliminates Int’l FI Allocation
January 28, 2025
925 West Lancaster Ave
Suite 220
Bryn Mawr, PA 19010
Tel: (610) 642-1481
© Dakota 2025 | Terms of Use | Privacy Policy