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UTIMCO ready to invest $1 billion in private equity real estate
trueUniversity of Texas Investment Management Co. has $1 billion to invest in private equity real estate, said Bruce Zimmerman, UTIMCO’s CEO and chief investment officer, speaking Wednesday at the Pension Real Estate Association’s 24th Annual Institutional Investor Real Estate Conference at the Hyatt ...
Orange County digging for core-plus real estate fund
trueOrange County Employees Retirement System launched a search for a commingled core-plus real estate fund.
Oklahoma Teachers signs 6 for real estate
trueOklahoma Teachers' Retirement System hired six real estate managers to run a total of about $300 million in opportunistic and value-added strategies.
Texas County & District commits $105 million to private equity, real estate
trueTexas County & District Retirement System, Austin, committed a total of $105 million to two alternatives managers, said spokeswoman Brooke Goggans in an e-mail.
D.C. Retirement Board earmarks for private equity, energy, real estate
trueDistrict of Columbia Retirement Board, Washington, agreed to commit a total of up to $85 million to private equity, energy and real estate
Alameda County Employees issues call for new real estate consultant
trueAlameda County Employees' Retirement Association is searching for a real estate consultant.
Illinois SURS preps non-core real estate search
trueIllinois State Universities Retirement System plans to issue an RFP on Sept. 29 for managers to run $100 million in non-core real estate.
The illusion of liquidity
truePension fund executives, like many investors, historically have been willing to pay a premium for liquidity. Lately, though, they've started to realize that, for many investments, liquidity can be an illusion. When the 2008 financial crisis hit, only the very highest-quality assets — such as U.S. ...
Iowa PERS taps SSgA to manage $300 million in passive REITs
trueIowa Public Employees’ Retirement System hired State Street Global Advisors to manage $300 million in a passive REITs strategy, pending negotiations.
Cook County Annuity & Benefit puts REIT hire on hold
trueCook County Annuity & Benefit Fund’s investment committee on Tuesday took no action on a recommendation by investment consultant Callan Associates to hire Adelante Capital Management to run up to $100 million in its total return U.S. REIT strategy.
Texas Muni taps 2 for international equities, commits $307 million to real estate
trueTexas Municipal Retirement System, Austin, hired Acadian Asset Management and William Blair & Co. to run $175 million each in international emerging markets equity strategies.
U.S. REITs with the highest price-to-FFO ratios
trueThe current average price-to-funds from operations ratio of firms in the MSCI U.S. REIT index is 17.7, slightly higher than the long-run average of 15.7.
Prudential adds real estate portfolio manager in realignment
trueJames Glen joined Prudential Real Estate Investors as a principal and portfolio manager for its core U.S. real estate fund.
Los Angeles City Employees lines up new real estate commitments
trueLos Angeles City Employees’ Retirement System plans to commit $140 million to four new open-end core real estate funds this year and make $50 million in additional commitments in 2015, minutes from the pension fund’s Aug. 26 board meeting show.
CalPERS adds $1.3 billion to 3 real estate partnerships
trueCalPERS committed an additional $1.3 billion total to three real estate partnerships, said agenda materials for the investment committee's meeting on Monday.