Investment Performance

The Board of Retirement has exclusive control of all investments of the Plan, and is responsible for the establishment of investment objectives, strategies and policies. Members of the Board have a fiduciary responsibility to discharge their duties in accordance with the interests of SCERA and the investment portfolio.

All SCERA assets are managed by external professional investment management firms. The list of SCERA investment managers can be found in the quarterly investment summary reports below. 

The investment staff closely monitors the activity of these managers and assists the Board with:

• Implementing investment policies and long-term investment strategies

• Establishing the investment program goals, asset allocation policies, performance objectives, investment management policies and risk controls.

SCERA’s long-term investment strategy has proven itself over time, even with market declines such as the downturn from the COVID-19 pandemic taken into consideration.  As of September 30, 2021, SCERA investments provided an annualized rate of return, net-of-fees, for 30 years, of 8.0%.

The quarterly Investment Summaries for the current year are listed below.  

4^th quarter Investment Summaries for past five years are listed below.