Real Estate
The West Coast pension system closed on private equity and real estate commitments last month.
The plan interviewed a total of five firms at today’s board meeting.
The plan also received a hedge fund search report that includes 22 responses.
The firm will continue to provide private equity and real asset consulting services for the plan following its rehire last week.
The retirement system considered approving its general investment consultant RFP at Friday’s board meeting.
The pension plan was notified of seven commitments totaling $2.2 billion at its Dec. 11 board of investments meeting.
The deferred compensation plan replaced two equity managers, which had been on watch, yesterday.
The retirement fund will be looking to add an equity long/short strategy to its hedge fund portfolio in the first quarter.
The trust fund added core-plus real estate fund this month as it looks to increase its exposure to manufactured housing and residential real estate.
The pension plan expects to issue an RFP to potentially replace a terminated core real estate manager next year.