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Texas Employees sets 2015 tactical plan for alternatives
trueTexas Employees Retirement System will invest in up to four new hedge funds in the next fiscal year, which begins Sept. 1.
CalPERS' real estate consultant cautions the pension fund's investment committee
trueCalPERS' real estate consultant warned fund officials must maintain their "disciplined approach" to underwriting in the "overheated market."
HKMA's head of direct investments for private equity, real estate departs
trueHuh Yong-Hak stepped down on July 23 as head of the Hong Kong Monetary Authority's direct investments in private equity and real estate.
UTIMCO fine tunes asset allocation for fiscal 2015
trueUniversity of Texas Investment Management Co. officials proposed new asset allocation targets for the fiscal year ending Aug. 31, 2015, for the $25 billion the Austin-based firm manages in endowment funds for the University of Texas System and Texas A&M.
LACERA terminates EII Capital Management
trueLos Angeles County Employees Retirement Association, Pasadena, Calif., terminated international real estate securities manager EII Capital Management, which managed a $163 million separate account, due to key executive departures.
West Midlands keeps CBRE for real estate allocation
trueWest Midlands Pension Fund, Wolverhampton, England, rehired CBRE Global Investors to run a £622 million ($1 billion) real estate allocation.
Preqin: Private real estate distributions doubled in 2013
trueA total of $138 billion was returned to investors in private real estate funds in 2013, an all-time high, a Preqin report said.
Dallas/Fort Worth Airport assigns up to $20 million to real estate
trueDallas/Fort Worth International Airport committed a total of up to $20 million in pension plan assets to two real estate funds.
Boca Raton Police & Firefighters commits to Siguler Guff
trueBoca Raton Police & Firefighters' Retirement System committed $10 million to a Siguler Guff non-core real estate fund.
Ares Management's AUM surges 30% for the year
trueAres Management's assets under management totaled $79.2 billion as of June 30, up 2.8% from March 31 and up 30.1% from June 30, 2013.
Arizona PSPRS subpoena sought files related to Desert Troon, CIO letters
trueA federal grand jury investigating the $7.9 billion Arizona Public Safety Personnel Retirement System sought several hundred files related to PSPRS' investments with its largest real estate manager, Desert Troon Cos., and confidential letters the pension fund's Chief Investment Officer Ryan Parham ...
LaSalle names director on debt investments, special situations team
trueDaniel Pottorff was appointed director on LaSalle Investment Management's debt investments and special situations team.
Neuberger Berman adds to global real estate securities group
trueGillian Tiltman was appointed portfolio manager for Europe at Neuberger Berman's global real estate securities group
Oregon Investment Council puts $400 million toward alternatives
trueOregon Investment Council, Tigard, which runs the $70 billion Oregon Public Employees Retirement Fund, committed $200 million each to Global Infrastructure Partners Capital Solutions fund and real estate joint venture Lionstone OPERF Real Estate One, managed by Lionstone Partners.
Canada Pension Plan adds US$334 million in multifamily investments
trueCanada Pension Plan Investment Board, Toronto, committed an additional US$334 million to multifamily luxury rental real estate developments in California, Georgia and Massachusetts through joint ventures.