SDCERA extends contract with Aon Hewitt

The US public pension extends consultant through June 2023.

Institution: San Diego County Employees’ Retirement Association
Headquarters: San Diego, US
AUM: $14.85 billion
Allocation to alternatives: 16%

San Diego County Employees’ Retirement Association has agreed to retain Aon Hewitt Investment Consulting as its investment consultant, as mentioned during the pension’s December 2020 retirement board meeting. The extension covers the period from July 1, 2021 through June 30, 2023. Aon was granted an initial five-year contract through June 30, 2021, which can be extended five years before a RFP is required.

As illustrated below, SDCERA currently allocates 7.7 percent of its investment portfolio to private real estate. As of November 30, the value of its private real estate portfolio was approximately $1.1 billion. Stephen Sexauer is the pension’s chief investment officer.

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