Active Members Deferred Members Retired Members Beneficiaries
News & Media Board of Retirement Investments Finance About SDCERA
Recent News

Media Contact

Mary Montgomery
Communications Manager
619.515.6814
mmontgomery@sdcera.org

 
   
 
News & Media

SDCERA Reports Final Investment Returns for Fiscal Year 2017
Posted October 2017

SAN DIEGO, CA (October 30, 2017)— The San Diego County Employees Retirement Association (SDCERA) reported that final investment returns were 12.0 percent for the fiscal year ended June 30, 2017 (FY 2017). As of June 30, 2017, SDCERA's three-year investment return was 4.9 percent, the five-year return was 7.1 percent, and the 10-year return was 4.4 percent.

SDCERA's Press Release: SDCERA Reports Final Investment Returns for Fiscal Year 2017

SDCERA Reports Preliminary Investment Returns for Fiscal Year 2017
Posted July 2017

SAN DIEGO, CA (July 20, 2017) — The San Diego County Employees Retirement Association (SDCERA) reported a preliminary investment return of 12.0 percent for the fiscal year ended June 30, 2017 (FY 2017). As of June 30, 2017, SDCERA's assets under management (AUM) were $11.4 billion, an all-time high.

Based on FY 2017's preliminary return of 12.0%, SDCERA's estimated three–year investment return would be 4.9 percent, the five-year return would be 7.1 percent, and the 10–year return would be 4.4 percent, all as of June 30, 2017. These preliminary and estimated investment returns are annualized and net of fees.

SDCERA's final investment return data is expected to be reported at the October 19, 2017 Board of Retirement meeting.

SDCERA's Press Release: SDCERA Reports Preliminary Investment Returns for Fiscal Year 2017

Richard Vortmann Appointed to Third Term on SDCERA Board of Retirement
Posted June 2017

SAN DIEGO — On June 20, 2017, the San Diego County Board of Supervisors voted unanimously to reappoint Richard Vortmann to the SDCERA Board of Retirement for a three-year term beginning July 1, 2017. Vortmann was first appointed to the Board of Retirement in November 2010.

Mr. Vortmann led the National Steel and Shipbuilding Company (NASSCO) for 22 years as chairman, president and CEO. During his tenure at NASSCO, a multibillion-dollar shipbuilding and ship repair company, he served as a Trustee on the San Diego City Employees' Retirement System and two endowment investment committees.

SDCERA's Press Release: Richard Vortmann Appointed to Third Term on SDCERA Board of Retirement

Board of Retirement Election Results for Second, Eighth, and Retiree Alternate Seats
Posted May 2017

SAN DIEGO, CA (May 8, 2017). The San Diego County Employees Retirement Association (SDCERA) announced today that Samantha Begovich was re-elected to the General Member Second seat, E.F. "Skip" Murphy was re-elected to the Retired Member Eighth seat and Susan Mallett was elected to the Retiree Alternate Member seat.  Each will serve a three-year term beginning July 1, 2017.

SDCERA's Press Release: Board of Retirement Election Results for Second, Eighth, and Retiree Alternate Seats

SDCERA Reports Reduction in Investment Expenses
Posted November 2016
SAN DIEGO — The San Diego County Employees Retirement Association (SDCERA) reported reduced investment expenses during Fiscal Year 2016 (FY 2016) as a result of Board-approved changes that implemented a simplified Trust Fund investment structure, including an in-house CIO investment model, a new Investment Policy Statement and asset allocation.
 
SDCERA eliminated more than $20 million in investment management expenses in FY 2016, cost reductions that are the result of negotiated reductions to investment manager and consulting expenses and the elimination of external CIO and hedge fund investment expenses. The savings realized with the implementation of structural reforms to SDCERA’s investment program will continue to apply to the organization’s investment program going forward.
 
“Every dollar saved is a dollar that we can invest for our beneficiaries,” said Steve Sexauer, SDCERA Chief Investment Officer. “This reduction in investment expenses reflects SDCERA’s priority of spending Trust Fund assets prudently,” he added.