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FHFA plans to kick REITs out of home-loan banks
trueThe overseer of the Federal Home Loan Banks is planning changes to membership rules that would keep investment firms and lenders lacking customer deposits out of the U.S. government-chartered system.
Aurora General Employees replaces open-end real estate manager
trueAurora (Colo.) General Employees’ Retirement Plan committed $13 million to the Morgan Stanley Prime Property Fund, an open-end core real estate fund.
Tennessee Consolidated keeps Townsend Group
trueTennessee Department of the Treasury, Nashville, rehired Townsend Group as real estate consultant for the $40 billion Tennessee Consolidated Retirement System.
Illinois puts $1.1 billion to work right away
trueTeachers' Retirement System of the State of Illinois, Springfield, kicked off its 2015 fiscal year with investments and commitments totaling $1.1 billion and set the stage to tactically deploy at least another $1 billion with real estate and hedge fund managers.
Wyoming Retirement System signs private equity, hedge fund managers
trueWyoming Retirement System committed $75 million to Oaktree Real Estate Debt Fund, a private real estate debt fund managed by Oaktree Capital Management.
Nebraska Investment Council earmarks $60 million for UBS real estate fund
trueNebraska Investment Council committed $60 million to UBS Trumbull Property Income Fund, managed by UBS Realty Investors.
Illinois Teachers maps out 2015 real estate, hedge fund deployments
trueIllinois Teachers' Retirement System plans to deploy a total of at least $1 billion with real estate and hedge fund managers in the fiscal year ending June 30, 2015.
Greater Manchester Pension Fund picks LaSalle for £750 million allocation
trueGreater Manchester Pension Fund hired LaSalle Investment Management to run a £750 million ($1.2 billion) real estate allocation.
Quebec's Caisse sells C$1.5 billion portfolio to Cominar REIT
trueCominar Real Estate Investment Trust agreed to acquire a portfolio of 15 Quebec and Ontario properties from a subsidiary of the C$214.7 billion (US$197 billion) Caisse de Depot et Placement du Quebec for C$1.63 billion.
Marin County Employees adds $100 million to core real estate managers
trueMarin County Employees’ Retirement Association approved $100 million total in additional commitments to existing core real estate managers.
Illinois Teachers launches real estate consultant search
trueIllinois Teachers' Retirement System is searching for a specialist consultant for its $5.6 billion real estate portfolio.
Cook County pension fund seeks non-core real estate
trueCook County Annuity & Benefit Fund issued an RFP for a non-core commingled real estate investment manager to run $60 million.
Norges Bank Investment Management restructures investment departments
trueNorges Bank Investment Management has restructured its investment departments in line with a new strategy plan for Norway’s Government Pension Fund Global, Oslo, a spokesman said.
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."