About Investments
ACERA collects regular contributions for the retirement fund from our members and participating employers, and we invest the fund all over the world. The combination of employee and employer contributions and the earnings from our investments give us the ability to pay our members the retirement benefits that they’ve earned.
Current Investment Portfolio
In order to keep investment risks as low as possible, ACERA invests in a diverse group of investments called “asset classes.” ACERA’s investment team, investment consultants, and the Board of Retirement together strategically determine the portions of the fund to allocate to the classes of assets in order to minimize risk while maximizing return.
Investment Performance
March 2023 Snapshot Report
ACERA posts and maintains an archive of performance reports. ACERA also provides the most recent monthly performance report.
How We Choose Managers
ACERA is a well-diversified public pension plan with a multi-billion dollar investment portfolio. Rather than making investments directly (which would require a massive in-house staff), like all pension funds, ACERA hires investment managers who are experts in particular types of asset classes to make the investments for us.
Investment Policies
ACERA has established investment policies as protocol to govern how we invest and manage our investments.
Directed Brokerage Program
In accordance with ACERA’s Directed Brokerage Program (adopted in 2006), ACERA encourages all participating Investment Managers to utilize all the Corresponding Brokers, especially local and emerging Correspondent Brokers when such utilization does not comprise “Best Execution.”