FAIL: Outsourced CIO Solution Loses with San Diego County

Posted on 11/24/2014

The board of the San Diego County Employees’ Retirement Association (SDCERA) voted 8-1 to search for an internal chief investment officer. SDCERA manages US$ 10.45 billion in assets. The pension fund is terminating its outsourced CIO Salient Partners. Houston-based Salient Partners, as a money manager, runs US$ 2 billion in risk parity and US$ 300 […]