Real Estate
The termination followed changes to the plan’s real estate allocation, including its geographic weightings.
The pension plan will review its domestic core fixed-income manager search at an April 26 board meeting and selected a new executive director last month.
The pension plan approved new structures for its infrastructure, non-U.S. equity and real estate portfolios last week.
The plan made the commitment at its board meeting this month.
The plan is also scheduled to request an emerging markets equity manager search in the coming months.
The plan will receive a recommendation to terminate one of its real estate managers next week.
The pension plan approved three commitments totaling $175 million yesterday.
The pension plan made opportunistic real estate and buyout commitments totaling $275.5 million in January.
The plan will consider new structures for its infrastructure, non-U.S. equity and real estate portfolios later this week.
The board also approved rehiring the investment consultant for its deferred compensation plan.