Congratulations to the San Diego County Employees Retirement Association (SDCERA) for being named Small Public Plan of the Year by Institutional Investor magazine at the Hedge Fund Industry Awards on June 20.
Nominees were selected based on demonstrated skill in absolute return investing during the past year as well as an overall ability to construct and manage hedge fund portfolios. SDCERA's portfolio for the 2010 calendar year generated a 12.2% rate of return, exceeding the 8% assumed rate of return and outpacing the 11.03% benchmark by 1.17%.
SDCERA credits sound policies and diversification to yielding a healthy average rate of return of 9.59% over the past 25 years. In addition to surpassing that rate in 2010, the fund has earned $1.6 billion, or a positive return of 22%, through April this fiscal year.
Visit the SDCERA website at www.sdcera.org to read the full press release