Real Estate

The search is being conducted because the plan is underallocated to the asset class.

The plan hired a firm that will help build a direct hedge fund portfolio.

The plan named four contenders for its emerging markets equity search and concluded its non-U.S. small-cap search.

A West Coast pension plan consolidated three fixed-income mandates with Western Asset Management and approved a real estate commitment at its board meeting last week.

The plan is seeking to identify one or more managers to handle a commercial mortgage-backed securities mandate.

The deal combines BGO’s core, core-plus, value-add and debt strategies with Metropolitan’s integrated primary, secondary and co-investment real estate strategies to create a combined and diversified real estate platform.