Agenda item details

Consideration of Opportunistic Credit Asset Allocation – (Action)

Number:
31/2021
Department:
Investments
Attachments
Name Download Ext. Filesize
Exhibit A – Asset Allocation Modeling pdf 2 MB
Slides - Opportunistic Credit Asset Allocation pdf 563 kB
Recommendation:
Move that the Investment Advisory Committee recommend that the Board of Trustees of the Employees Retirement System of Texas eliminate Opportunistic Credit as an asset class and redistribute the current 3% allocation to Fixed Income at 2% and Special Situations at 1%.
Contingent upon adoption of the above motion by the Investment Advisory Committee, staff recommends the following motion to the Board of Trustees.
Move that the Board of Trustees of the Employees Retirement System of Texas eliminate Opportunistic Credit as an asset class and redistribute the current 3% allocation to Fixed Income at 2% and Special Situations at 1%.
Agenda item