Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
CIO and consultants review investment performance; plan hits long‑term return above discount rate
Summary
SFERS reported estimated assets near $37–38 billion and a 10‑year return around 8.4%, above the system’s 7.2% discount rate. Staff and consultants discussed private‑vs‑public benchmark effects, tracking error and the relationship between strategic allocation and performance.
San Francisco Employees’ Retirement System staff and consultants presented an overview of the fund’s performance for the quarter ended June 30, 2025.
Director Romano (CEO) told the board estimated assets stood around $37–38 billion. Kallen Investment Management and Wilshire (consultants) reported a 10‑year return of about 8.4%, above SFERS’ actuarial discount rate of…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
