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MassPRIM drops TA Realty for core real estate
trueMassachusetts Pension Reserves Investment Management Board terminated TA Realty as manager of a $1.1 billion core real estate allocation.
Montana Board of Investments slates $40 million in alternatives commitments
trueMontana Board of Investments made a total of $40 million in alternatives commitments, said materials prepared for this week's board meeting.
Haverhill Retirement seeking opportunistic/value-added real estate manager
trueHaverhill (Mass.) Retirement System is searching for an opportunistic/value-added real estate manager to run up to $6 million.
Illinois Teachers reports preliminary 4.1% for year ended June 30
trueIllinois Teachers’ Retirement System, Springfield, returned an estimated 4.1% for the fiscal year ended June 30, R. Stanley Rupnik, chief investment officer, told an investment committee meeting of the $45.8 billion fund on Wednesday.
Fort Lauderdale plans searches for private equity, real estate managers
trueFort Lauderdale (Fla.) General Employees’ Retirement System will soon search for private equity and real estate managers, said David Desmond, the pension fund’s administrator.
Morgan Stanley Alternative Investment Partners hires co-head of real estate group
trueBrian Schneider is joining Morgan Stanley Alternative Investment Partners' real estate group as a managing director and co-head as part of a management team transition.
Illinois Teachers assigns $940 million to large-cap, emerging markets equity, real estate managers
trueIllinois Teachers' Retirement System, Springfield, invested or committed $940 million with three managers and terminated another firm.
San Francisco City & County makes commitment to European property fund
trueSan Francisco City & County Employees' Retirement System committed up to €100 million to Tristan Capital Partners' European Property Investors Special Opportunities Fund 4.
Hawaii Employees commits $40 million to Cabot real estate fund
trueHawaii Employees' Retirement System committed up to $40 million to Cabot Industrial Core Fund.
CBRE Global Investors goes in-house to appoint first global CIO
trueRitson Ferguson has been appointed to the new position of global chief investment officer of real estate money manager CBRE Global Investors.
Highland Council Pension Fund taps Standard Life for real estate debt
trueHighland Council Pension Fund hired Standard Life Investments to run a £55 million commercial real estate debt allocation.
J.P. Morgan recruits business development head for real estate Americas
trueAlexia Gottschalch was named head of business development and client strategy, real estate Americas at J.P. Morgan Asset Management.
Texas Municipal exits Harrison Street REIT portfolio
trueTexas Municipal Retirement System, Austin, terminated Harrison Street Securities from a roughly $190 million REIT separate account.
GAM to acquire real estate finance unit of Renshaw Bay
trueGAM Group will acquire the real estate finance business of Renshaw Bay, pending regulatory approval.
Texas Municipal commits $783 million to real estate, drastically cuts core bonds allocation
trueTexas Municipal Retirement System approved approximately $783 million total in real estate commitments.