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FINANCIALS
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Comprehensive
Annual Financial Report (CAFR)
It
is our pleasure to present the Comprehensive Annual Financial Report (CAFR)
of the Employees' Retirement System of the State of Hawaii for the fiscal
years listed below. Each CAFR provides information on the operations
and financial status of the ERS and highlights significant changes that
occurred during the respective fiscal year, such as information about the
ERS investments, financial statements, contribution rates, funding and
membership. The report is designed to provide a complete and accurate
review of the year's operations and is the responsibility of the ERS'
management.
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Investments
The
Board of Trustees has diversified the ERS' investment portfolio to secure
consistent, positive long term investment returns while preserving
capital. The diversification of investments through a long-term asset
allocation strategy is generally regarded as the most important decision made
int he investment process.
Professional
investment managers have been retained to execute the Board's investment
strategies and have full discretion within statutory provisions, Board
policies and their respective guidelines.
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Asset
Allocation |
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Direct
Holdings
in
Sudan
Scrutinized
Companies
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Innovation
Economy
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