미국 펜실베니아 주 연기금(PennSERS)이 올해 30 bill달러(약 32조원)의 자산을 어떻게 배분할지 결정했습니다.
전년보다 해외주식의 비중은 줄이고(53->48) 부동산은 늘렸습니다(8->12)...
참, 우리나라에서 흔히 미국 연기금을 거론할때 캘리포니아 주 연기금(CalPERS)을 인용 하고있지만 캘리포니아는 미국 50개주 중에 단지 한개일뿐입니다.
Mr. Torsella said PennSERS' new asset allocation strategy would result in 38% — including the multiasset class — of total fund assets in alternative investments, higher than 85% of U.S. pension funds and up from 30% in the current allocation.
"Like everyone, I hope that financial markets will only rise steadily, but it would be dangerous and foolish to plan for that outcome," Mr. Torsella added.
In response, Ms. Hile issued the following statement: "The 10-year asset allocation policy approved by the board (April 25) provides a prudent blueprint to continue to meet the long-term liquidity needs to pay benefits and covenants in various market environments. An in-depth and complete review of long-term liquidity requirements to pay retirement benefits during difficult market conditions is a critical part of the asset allocation process."
She added: "The asset allocation policy is also positioned to diversify the fund and achieve the actuarial assumed rate of return of 7.25% over the long term, within a level of risk deemed prudent by the board."
