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Mendocino County retirement fund posts strong 2025 returns; board advances real‑estate funding
Summary
Callan told the Mendocino County Board of Retirement that the fund delivered strong 2025 returns, with a robust fourth quarter and active managers adding excess return; trustees heard plans to rebalance and move additional money into Cain and LaSalle real‑estate commitments.
Callan, the board’s investment consultant, told trustees the retirement fund finished 2025 with strong absolute and relative returns, driven by a “very strong fourth quarter” across equities, fixed income and real assets. The consultant said diversification and active manager selection contributed to the plan’s outperformance versus peers.
The presentation showed the plan’s market value at roughly $855–$856 million at year‑end 2025, with the allocation near policy targets: about 37% domestic equity, 25% international equity, 20% fixed income, roughly 7%…
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