Congratulations are in order for our Chief Investment Officer Don Pierce, who has been named to Chief Investment Officer Magazine’s 2021 Power 100 list of top investment officers.
They note: “Pierce’s fund has made a strong recovery since a tough fiscal year end result in June. So far in the new fiscal year, SBCERA has seen a 22% return through February. A number of factors played a part, including the fund’s delayed pricing recovery of private equity, the slow but steady recovery of the plan’s structured credit portfolio, and the announcement of the COVID-19 vaccines that have kickstarted a strong recovery in small-cap stocks, emerging market stocks, and credit. Pierce has an informed rebalancing program using Russell Investments to implement both tactical and strategic allocations based on a model developed with Mcube. The program results over the past 14+ years have added $1.4 billion to the plan; in 2020 alone, the program added $421 million.”
You can read more about the top CIOs here.