Real Estate

Selected international large-cap growth equity manager will handle between $1 billion and $2 billion and the U.S. REIT manager will manage between $100 million and $200 million.

Plan has not fully executed an RFP for the services since 2010.

The plan concluded a global equity search conducted in the fourth quarter.

Plan added commitments totaling roughly $2.7 billion with six existing managers and two new managers in March.

A pension board affiliated with a major church is recommending the denomination add several energy companies to its divestment/proscription list due to involvement in environmental issues.

Plan approved a convertible bond hire at today’s meeting as well as private equity and real estate commitments.