News
Extensive and timely coverage of the institutional industry.
Fund III closes with $230 million, exceeding its $200 million Fund II.
The search is open to value-add real estate managers.
The retirement systems also eliminated global low volatility and TIPS allocations earlier this year.
Shelly Heier, president of investment consultant Verus, will depart the firm effective Sept. 30.
The plan will consider a replacement search for its $331 million core-plus fixed-income mandate with the firm.
Mandates include global, U.S., non-U.S., emerging markets, customized funds, factor or risk-based indices and underlying components of target date funds.
He will focus on the infrastructure, utility, power, energy and related sectors across the capital structure.
The firm raised more than $3.3 billion for its latest opportunistic real estate strategy.
The trust last conducted a similar search in 2018.
The pension fund will interview three finalists at Thursday’s board meeting.