Hawaii hires Aon Hewitt as real estate consultant

The $15.1 billion Employees’ Retirement System of the State of Hawaii has hired Aon Hewitt Investment Consulting as its real estate consultant, pending final contract negotiations.

The pension fund issued an RFP in February for a new real estate consultant due to the March 31 contract expiration of the pension fund’s previous real estate consultant, Courtland Partners.

The contract with Aon Hewitt is expected to begin July 1, according to Vijoy Chattergy, chief investment officer at the pension fund.

Hawaii ERS has a target allocation to real estate of 7 percent.