NPS, Russell Investments partner on $1b global listed real estate mandate

Russell Investments, a global investment solutions partner, has announced that South Korea’s National Pension Service (NPS) has partnered with the firm for a $1 billion global listed real estate mandate. This is the second global real estate securities mandate awarded by NPS to Russell Investments as part of their longstanding relationship.

“We’re very honored that our dynamic client NPS has extended their trust in our ability to deliver a beneficial listed real estate solution,” said Pete Gunning, global CIO at Russell Investments. “NPS has been actively engaged in the cutting-edge real estate asset class, even amid the COVID-19 pandemic, and we share their commitment to this increasingly important asset class.”

“We are excited to further expand our listed real estate capability to capitalize public real estate market opportunities and complement the private real estate portfolio,” said Scott Kim, head of the real estate investment division at NPS. “