FROM: Don Pierce, Chief Investment Officer
SUBJECT: SBCERA Cost Effectiveness and Fee Analysis by NEPC.
RECOMMENDATION:
title
SBCERA Cost Effectiveness and Fee Analysis by NEPC.
body
BACKGROUND:
NEPC’s presentation reviews how investment management fees operate, and importantly provides concrete metrics on how SBCERA can evaluate the efficacy of the fees paid related to what the risk return SBCERA received.
BUDGET IMPACT:
None.
STRATEGIC PLANNING GOAL/OBJECTIVE:
Prudent Fiscal Management
STAFF CONTACT:
Don Pierce
ATTACHMENTS:
Exhibit A: SBCERA Cost Effectiveness and Fee Analysis by NEPC (for periods ending June 30, 2020)
Exhibit B: Manager Fee Analysis 2020 (Confidential)