Morgan Stanley, AEW in at Orange County

The Orange County Employees Retirement System (OCERS) has selected AEW Capital Management and Morgan Stanley Real Estate Advisors to oversee $25 million each in real estate core open-end commingled funds, confirmed Robert Kinsler, spokesman for the $8 billion California plan. Kinsler said that AEW was selected because of its discounted fee structure, strong, research driven investment process and the existing relationship that the fund has with the manager. Morgan Stanley was awarded the mandate because of its long-term track record, diversified portfolio, investment team and the quality of the assets in its portfolio.

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