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Sign in Sign up for a FREE subscriptionAlaska retirement board commits $25m more to Fidelity Real Estate fund
The Alaska Retirement Management Board (ARMB), which oversees the assets of the state’s retirement systems, has approved a $25 million follow-on commitment to the Fidelity Real Estate High Income investment strategy, an open-ended mutual fund managed by Fidelity Management.
The strategy will invest in commercial and commercial and residential mortgage-backed securities, as well as debt securities of real estate entities.
As of May 31, the pension fund’s total investment to the Fidelity fund was $152 million.
