Real Estate
The plan put in a full redemption request with its sole real estate manager.
The plan may issue an RFP for minority-, women- and disabled-owned private equity managers as part of a 2024 pacing study approved yesterday.
The deferred compensation plan replaced its domestic core-plus fixed-income manager yesterday due to underperformance.
A return-driven investment platform managed by global private equity real estate firm has completed its inaugural investment in an emerging multifamily real estate firm that targets repositioning assets in primary and secondary markets across the South and Midwest.
The deferred compensation plan will consider replacing its domestic core-plus fixed-income manager this week due to underperformance.
The plan expects to commit a total of $75 million to the two strategies.
The plan eliminated two hedge fund investments and will redistribute the funds to increased allocations with other portfolio managers.
The termination followed changes to the plan’s real estate allocation, including its geographic weightings.
The pension plan will review its domestic core fixed-income manager search at an April 26 board meeting and selected a new executive director last month.
The pension plan approved new structures for its infrastructure, non-U.S. equity and real estate portfolios last week.