Alfie Crooks

The potential adoption of this strategy follows in the footsteps of CalPERS, which implemented a total portfolio approach this past November.

The Canadian province’s legislature, led by premier Danielle Smith, dismissed AIMCo’s CEO, Evan Siddall, along with three other board members last Thursday.

The new policy would let ACERA’s staff make the decision to roll existing assets or portfolios into continuation funds if that falls in line with ACERA’s financial consultant’s recommendation.