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TIAA-CREF Hops Across The Pond

August 12, 2008 - In an effort to focus on European real estate, TIAA-CREF is opening a location overseas, its first foreign office since the plan's creation 90 years ago. According to a statement issued by the plan, TIAA-CREF is looking to increase its access to value-added and long-term investment opportunities in the region. …

Fresno County Adopts New A/A

August 11, 2008 - The Fresno County Employees' Retirement Association (FCERA) has adopted a new asset mix which includes allocations to opportunistic fixed-income, hedge funds and real assets, said Roberto Pena, administrator at the $2.7 billion fund. The changes are due to the results of a recently completed asset/liability study conducted by Wurts & Associates. …

Oregon Council Commits to Three New Funds

August 1, 2008 - The Oregon Investment Council (OIC) made three new investments at its meeting on Wednesday, spokesman Ley Garnett told IMW via e-mail. AllianceBernstein received $200 million for its All Asset Deep Value Fund L.P. 'It's planned to be a $2 billion fund to take opportunities in residential real estate, Garnett said via e-mail. …

Texas ERS Hunts for Real Estate Consultant

July 9, 2008 - The Employees Retirement System of Texas (ERS) is aiming to bring a consultant on board to assist with the development of a long-term real estate investment strategy, said Mary Jane Wardlow, spokeswoman for the fund. She explained that the search evolved from the decision invest in the asset class two years ago (See IMW, 12/18/06). At that time the ERS board decided to add a 15% allocation to real estate and private equity, with 7% going…

Iowa Regents Examines Assets

June 10, 2008 - The $1.8 billion Board of Regents for the State of Iowa is currently undergoing a review of its asset allocation, said Chief Business Officer Patrice Sayre. 'This is a formal review with our financial investment advisor, Wilshire Associates,' she said, adding that plan changes will be brought to the August Board of Regents meeting for discussion and anticipated approval. According to the minutes for the Regents April meeting, the board will consider increasing its investments in real…

Illinois TRS Expands Emerging Manager Program

May 23, 2008 - The Teachers' Retirement System of the State of Illinois (TRS) will be expanding its $500 million emerging manager program, said Eva Goltermann, spokeswoman for the $38.7 billion plan. The program, which had earlier encompassed only the public market asset classes, will now also include investments in private equity, real estate and absolute return. Goltermann noted that up to 10% of the program could go into private equity investments. 'TRS staff will take the lead in identifying…

New York TRS Adds More PE, RE

May 7, 2008 - The $105 billion New York State Teachers' Retirement System (NYSTRS) has beefed up its holdings in private equity and real estate. At its meeting last month, the board voted to commit up to $50 million in Caltius Partners IV, up to $175 in CS Strategic Partners IV, up to E50 million in Hutton Collins Capital Partners III and up to $75 million in ABRY Partners VI. The board also approved investments of up to $100 million…

Pa. SERS Approves New Investments

March 14, 2008 - The Pennsylvania State Employees' Retirement System (SERS) has made new commitments in real estate and private equity, said Robert Gentzel, spokesman for the plan. The board approved investments of up to $75 million in Oculus Small-Cap Real Estate Fund I and up to $25 million in Lubert-Adler Real Estate Fund VI. On the private equity side, commitments of up to $40 million to ABS Capital Partners VI, up to $50 million each in Lime Rock Partners…

Fairfax Fund Could Change Asset Allocation

June 6, 2007 - The $2 billion Educational Employees' Supplementary Retirement System of Fairfax County (ERFC) could revamp its asset allocation in the fall...

Seattle City Seeks Consultants

February 6, 2007 - The $1.5 billion Seattle City Employees' Retirement System is searching for several consultants to assist the fund as it makes maiden investments...

Fred Alger on Hot Seat at LA Utility

December 4, 2006 - The Los Angeles Water and Power Retirement Plan could soon place Fred Alger Management on watch...

Illinois Teachers' Preps Equity Search

November 3, 2006 - The $36.5 billion Teachers' Retirement System (TRS) of Illinois will launch a search for an international equity manager

Illinois TRS Hires and Fires

August 2, 2006 - The board of the $36.8 billion Teachers' Retirement System of the State of Illinois (TRS) approved numerous actions at its Aug. 2 meeting...

Ohio Workers' Comp Adopts New Asset Allocation

July 21, 2006 - The Ohio Bureau of Workers' Compensation (BWC) has approved a revised asset allocation that would allow equity investments...

LA Water & Power Watches EARNEST

June 20, 2006 - The $6 billion Los Angeles Water and Power Employees' Retirement Plan is expected to place EARNEST Partners on watch at the plan's upcoming June 21 meeting.