Real Estate
The pension plan made a $2 million commitment at its board meeting yesterday.
A $1.1 billion Mid-Atlantic pension plan will run a search to explore the outsourced cio space as a potential alternative to its traditional consulting relationship.
They will oversee debt research across real estate markets.
A Northeastern state fund disclosed new alternatives commitments totaling approximately $861 million from September.
The President will assume his responsibilities until a replacement is found.
The REMS CIO will also join Third Avenue to oversee the fund.
Plan will interview two emerging markets equity managers to potentially replace an existing relationship later this year.
A West Coast pension fund will allocate up to $150 million to real assets next year.
The new hire will raise institutional capital for the firm’s residential investment programs.
A Southern state plan is reducing its exposures to real estate and emerging markets equity to reduce volatility, while increasing the exposures to developed international and U.S. equity to add capital stability.