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Investors - OCTOBER 21, 2016

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Santa Barbara County to increase real estate allocation

by Jody Barhanovich

The $2.5 billion Santa Barbara County (Calif.) Employees’ Retirement System is planning to move its target allocation to real estate from 8 percent to 10 percent, according to a board meeting document.

The new allocation was set after an asset-allocation review by the pension fund’s investment consultant, RVK, in the September board meeting. 

The pension fund reported $204 million in total real estate assets as of June 30, 2015.

 

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