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MCERA portfolio hits record $833 million; trustees approve small rebalancing into fixed income
Summary
Mendocino County’s pension fund reported a record market value of approximately $833 million and small tactical rebalancing to reduce exposure to recent international equity gains, moving funds into fixed‑income strategies.
The Mendocino County Employees Retirement Association reported on Oct. 15 that plan assets reached a record approximately $833 million. Staff and Callan, the board’s investment consultant, said trustees had approved a modest rebalancing that trimmed recent gains in international equities and added to the fixed‑income sleeve of the portfolio.
Robert Revelis, the retirement system’s financial/investment officer, told…
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