SF Retirement System Drops Securities Lending For Now

Posted on 04/22/2017

The San Francisco City & County Employees’ Retirement System (SFERS) is closing down its securities lending program, after a recommendation from the organization’s board of directors. The SFERS’ board deemed the program too risky in times of great volatility, while during normal periods, an expectation of very low expected returns. The securities lending program amplified […]

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