Real Estate
The retirement system also made one full redemption at today’s board meeting.
The search will have a particular focus on European and global funds to increase the pension fund’s exposure outside of the U.S.
The retirement system is seeking open-end core real estate managers to handle up to $40 million.
The retirement association recently made two redemptions for performance reasons.
The current consultant will see its contract expire next June.
The retirement system is searching for two open-end core managers to handle $40 million.
The plan also terminated three equity mandates as part of a domestic equity portfolio restructuring.
The retirement system also recently made private markets commitments totaling $16.5 million.
The plan launched a search over the summer due to performance concerns with two incumbents.
The pension funds added a $300 million investment to an existing manager relationship.
