SFERS searches for real assets consultant, launches program
The $19.4 billion San Francisco City and County Employees’ Retirement System is currently searching for a consultant for its newly formed real assets portfolio. The new real assets portfolio will include SFERS’ $1.7 billion real estate portfolio, whose senior manager, Lindsay Adams, retired last month, but may also invest in other inflation-sensitive assets including, but not limited to, oil and gas, renewable energy, metals, timber, infrastructure and inflation-linked bonds. According to a source at the retirement system, SFERS will have a clearer picture of what asset classes the portfolio will be targeting once a consultant has been chosen. SFERS is expecting to choose finalists for the position on July 7 and make a final selection on Aug.