Real Estate
But uncertainty remains about future of real estate property income levels and asset prices and their effect on returns.
The plan will begin a private equity manager search with a focus on secondaries.
The plan hired two emerging managers in its non-core real estate search.
The plan moved its four index funds with Vanguard Group to index funds with Fidelity Investments.
The plan committed a total of $150 million to real assets and real estate funds at its meetings last week.
A California pension plan approved a non-core real estate commitment in line with its fiscal year 2022 pacing plan.
The plan added an Asian core real estate commitment with an existing manager.
The hires conclude a strategic fixed-income implementation plan.
The plan agreed to advance RFPs for an illiquid credit emerging manager program and passive fixed-income manager.
The plan has begun its search for a real estate consultant.