Benchmarks
PSPRS' BENCHMARK FOR REAL ASSETS
WHAT IS R3K PLUS 100 BPS?
TRACK RECORD AND EXPECTED RETURNS ARE REVIEWED DURING THIS STAGE
WHAT IS STAGE 1?
IBOR
WHAT IS INVESTMENT BOOK OF RECORDS?
AN ABBREVIATED DD PROCEDURE SHOULD BE COMPLETED IF THE RECOMMENDED INCREASE FALLS WITHIN THIS TIME PERIOD
WHAT IS 18 MONTHS.
PSPRS' CURRENT BENCHMARK FOR DIVERSIFYING STRATEGIES
WHAT IS SOFR PLUS 300 BPS?
THE PSPRS DDQ IS SENT TO THE POTENTIAL INVESTMENT PARTNER AT THIS STAGE
WHAT IS STAGE 4?
SRA
WHAT IS Strategic Relationship Agreement?
THE CI ASSET CLASS MAY ALLOCATE UP TO THIS DOLLAR AMOUNT TO CO-INVESTMENTS EACH FISCAL YEAR
WHAT IS $250M?
THIS BENCHMARK CURRENTLY HAS a 6% TARGET ALLOCATION
WHAT IS THE BLOOMBERG BARCLAYS US AGGREGATE INDEX?
A SANITY CHECK FOR THE SPONSORING PM AND REVIEW OF THE MERITS OF THE IDEA
WHAT IS A SECOND PM REVIEW/STAGE 4?
GLG
WHO IS GERSON LEHRMAN GROUP?
CO-INVESTMENTS TO A SINGLE PARTNER ARE CAPPED AT THIS DOLLAR AMOUNT
WHAT IS $250M?
BEGINNING JULY 1, 2023, THE BOARD ADOPTED THIS BENCHMARK FOR CASH
WHAT IS SOFR?
FIDUCIARY LANGUAGE IS REVIEWED DURING THIS STAGE
WHAT IS STAGE 3?
SOFR
WHAT IS SECURED OVERNIGHT FINANCING RATE?
THE PM WILL PRESENT THE RESULTS OF THE DUE DILIGENCE PERFORMED AT THIS MEETING
WHAT IS PIPELINE MEETING?
FROM 2016 to 2023, THE TARGET ALLOCATION FOR DOMESTIC PUBLIC EQUITIES CHANGED FROM THIS TO THAT %
WHAT IS 16% to 24%?
MATERIALS FOR THE IICM SHOULD BE DISTRIBUTED TO THE TEAM FOR REVIEW BY AT LEAST THIS TIME PERIOD
WHAT IS AT LEAST ONE WEEK BEFORE THE IICM?
THE BOARD'S FIDUCIARY CONSULTANT
WHO IS NEPC?
THIS DILIGENCE PLATFORM IS USED TO TRACK MEETING NOTES AND SEND BUSINESS TERM QUESTIONNAIRES
WHAT IS DILIGENCE VAULT?