Real Estate
The retirement fund had been expected to post the RFP today.
The search will not include the plan’s two incumbent firms.
The plan terminated an international equity manager that saw a personnel departure last year.
The redemptions stem from qualitative issues within the firm’s investment team.
The pension plan first issued an RFP seeking one or two separate account managers to establish emerging manager programs for real assets and real estate in January 2023.
The plan is seeking managers to handle a total of $135 million.
The retirement system eliminated its 6% target to the asset class this week.
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.
