Asset Owner Directory

San Francisco Employees’ Retirement System (SFERS)

The San Francisco Employees’ Retirement System (SFERS) administers two benefit programs for active and retired members: a Pension Plan (defined benefit plan) and a 457(b) Deferred Compensation Plan (defined contribution plan). The SFERS Pension Plan is a defined benefit plan that provides service retirement benefits calculated using a formula based on age at retirement, years of service and final compensation. The Deferred Compensation Plan is a voluntary IRS §457(b) Plan that allows participants to voluntarily defer receipt and taxation of a portion of their regular earnings until after they retire or separate from service. Under the direction of the Retirement Board, the Executive Director and senior staff team manage the day-to-day activities of the system including investments, member services, finance, actuarial services, information technology, human resources and communications.


United States



Performance (%, 1YR)


Chief Executive

Alison Romano

Chief Investment Officer

Alison Romano


Scott Heldfond

Asset allocation

37.7% Public Equity

27.6% Private Equity

11.6% Real Assets

10.6% Absolutue Return

6.1% Fixed Income

5.1% Private Credit

1.3% Cash related articles
Featured Story

Pension CIOs re-evaluate China exposure

The CIOs of three global pension schemes have told the 2023 Fiduciary Investors Symposium they are re-evaluating or reducing their exposure to the world’s second largest economy as tensions between the US and China escalate. But they are resisting total divestment to a country that still dominates emerging markets benchmarks.
Asset Owner Directory