December 27, 2013 3:00 PM
From Staff Reports
An investment magazine recently gave a top nod to the San Bernardino County Employees’ Retirement Association for its innovative strategies in 2013, according to a county news release.
Asset International’s Chief Investment Officer magazine awarded the SBCERA with the 2013 Industry Innovators honor, the release stated.
The award highlights the most innovative and positive work being done for and at the world’s largest pensions, endowments, foundations and sovereign wealth funds. Winners in other categories included United Technologies, United Parcel Service, the Kresge Foundation and General Mills.
As part of the judging process and magazine article, AICIO cited the fact that SBCERA recorded a 15.4 percent return year-to-date and a three-year annualized return of 12.6 percent through an innovative strategy based on income-oriented investing and using options to manage risk.
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