San Diego County Pension Sees 21% FY Return

July 22, 2011 ( – The San Diego County Employees Retirement Association (SDCERA) reported preliminary investment returns of more than 21% for fiscal year 2011, adding approximately $1.6 billion to the pension fund.

The fund credits its diversification strategy for generating strong returns and outperforming the 8% assumed rate of return for a second year in a row. Following the market crash of 2008, the SDCERA Board of Retirement took decisive action to reconfigure the fund’s allocation model to establish a risk-balanced strategic approach and increase protection from market conditions, according to a press release.  

“SDCERA’s Board of Retirement designed the investment model to perform well in a variety of market conditions, generating steady performance over the long term and ensuring members’ future retirement benefits are secure. Performance results show the fund is working as designed,” said Chief Executive Officer Brian White, in the announcement.