Real Estate
The plan moved the assets to its passive core real estate manager.
The commitments include a first time relationship for the plan.
The retirement system added a value-add real estate commitment in February that marks the third in a row with the manager.
The pension recently added a sustainability-focused public equity manager alongside private equity and real estate commitments.
The plan is looking to invest with two open-end core real estate managers.
The plan also disclosed two recent private markets commitments.
The retirement fund had been expected to post the RFP today.
The search will not include the plan’s two incumbent firms.
The plan terminated an international equity manager that saw a personnel departure last year.
The redemptions stem from qualitative issues within the firm’s investment team.