Consistent with our Mission, the goal of SDCERS’ investment program is to generate adequate long-term returns that, when combined with employer and employee contributions, will result in sufficient assets to pay the present and future benefit obligations of SDCERS. SDCERS invests all contributions utilizing a long-term investment strategy that consists of a diverse mix of equities, fixed income, real estate and private equity (see Target Asset Allocation and Actual Asset Allocation charts, below).
In FY 2010, after an extensive search, SDCERS hired Hewitt EnnisKnupp as its new general investment consultant. Hewitt EnnisKnupp brings a fresh perspective and forward-thinking approach to how SDCERS looks at its asset allocation and the strategic investment of its portfolio. A more detailed explanation of SDCERS’ investment goals and objectives can be here to read SDCERS' Investment Policy Statement.