FUNDRAISING NEWS | October 24, 2024
At the October 22 board meeting for the Stanislaus County Employees’ Retirement Association, pension staff and NEPC moved to recommend allocating 4% of the portfolio to the NIS Credit Opportunistic Credit Fund, a value of approximately $118M.
The opportunistic credit strategy combines a traditional bond, high-yield bond, and preferred stock strategy with the goal of outperforming US high-yield bonds over a full market cycle, with lower volatility. In order to reach its goal, the strategy focuses on the active management of credit risk.
The Stanislaus County Employees’ Retirement Association has a market value of approximately $2.8B, according to Dakota data.
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Written By: Dakota
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