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Ventura County Employees adjusts target allocations after asset-liability study
An editorial stock photo of the Ventura welcome sign in Ventura, California.
Ventura County (Calif.) Employees Retirement Association increased its targets to domestic large-cap equities, private debt and private equity, and lowered targets to absolute-return fixed income and U.S. Treasuries following an asset-liability study.
The $7.1 billion pension fund s board approved the new targets at its meeting Monday, CIO Dan Gallagher said in an email.
The board increased targets to domestic large-cap equities to 23% from 22%, private equity to 16% from 15%, and private debt to 6% from 5%, and lowered the targets to absolute-return fixed income to 5% from 6% and U.S. Treasuries to 2% from 4%.