Pensions and Investments: SDCERS Earns 13.9% on Investments in 2012

Date: Feb 25, 2013


San Diego City Employees' Retirement System earned 13.9% net of fees for the year ended Dec. 31, said Elizabeth Crisafi, chief investment officer for the $5.6 billion system, in an e-mail.

The pension fund slightly bested the 13.8% performance of its customized benchmark, prepared by its general investment consultant Hewitt EnnisKnupp. The fund's best-performing asset class for the year was private equity, which earned 18.9%, followed by emerging markets debt with 18% and non-U.S. equities with 17.4%.

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