The Arizona Public Safety Personnel Retirement System (PSPRS) has renewed the investment consultant contract for SageView Advisory Group, an independent registered investment adviser based in Irvine, Calif.
According to a board meeting document, SageView sponsors a governmental plan with investable assets of more than $230 million, as of Dec. 31, 2019. With the renewal, SageView will be contracted with Arizona PSPRS for another three years.
The pension fund did not respond to a request for comment by the time of publication.
As of June 30, 2019, Arizona PSPRS’ real estate portfolio was valued at $806 million. The pension fund had a 7.65 percent allocation to the asset class.
