Core-Plus
The plan will consider core-plus real estate strategies after delaying a commitment over concerns with the fund’s allocation to the single-family rental home sector.
The three firms will evenly split a $255 million mandate.
The plan’s real estate committee made two commitments with existing managers and one commitment with a new manager last week.
The plan disclosed ten commitments totaling almost $1 billion at its board meeting last week.
The plan is nearing the conclusion of its domestic small-cap equity and fixed-income manager searches.
A Midwestern pension plan approved a new fixed-income portfolio structure today.
A Southern state plan hired a core-plus real estate manager as part of a search launched in the summer.
The plan has issued an RFP seeking core-plus fixed-income managers to handle $10 million.
The plan will interview six firms in November as part of two ongoing real asset manager searches.
