FROM: Don Pierce, Chief Investment Officer
SUBJECT: Information Item: SBCERA Overlay Program Review with Russell Investments: Part II.
RECOMMENDATION:
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SBCERA Overlay Program Review with Russell Investments: Part II.
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BACKGROUND:
In October 2024 at the Annual Investment Forum, the Board received a presentation from staff, Sam Austin of NEPC, and Thomas Boyd of Russell Investments, regarding the informed rebalancing aspects of the SBCERA overlay program. As promised, staff is now bringing “Part II” of the program.
This presentation will do a short review of the prior presentation, and continue with information about the other elements of our overlay program with Russell, together with some new metrics to be incorporated into our quarterly reporting from NEPC to help the Board understand and evaluate the program on an ongoing basis.
BUDGET IMPACT:
None.
STRATEGIC PLANNING GOAL/OBJECTIVE:
Prudent Fiscal Management
STAFF CONTACT:
Don Pierce
ATTACHMENTS:
Exhibit A: Russell Overlay Presentation