A Southern state plan is reducing its exposures to real estate and emerging markets equity to reduce volatility, while increasing the exposures to developed international and U.S. equity to add capital stability.
The plan is considering hiring a specialized real estate consultant as part of a search initiated due to the contract expiration of the current general investment consultant, which advises on the entire portfolio.
A Southwestern pension plan will have its real estate consultant conduct a search for opportunistic real estate managers that is focused on at least three firms already.