SEPTEMBER 23, 2013

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OCERS designates $200 million for noncore investments

by Reg Clodfelter

The Orange County Employees Retirement System (OCERS) has recently decided to allocate $200 million to noncore real estate investments for the years 2013–2016, according to a 2013 pacing study. This number will be reviewed annually in order to maintain the overall real estate portfolio allocation and subsector weightings in compliance with OCERS’ investment strategy. Robert Kinsler of OCERS’ Communications Division confirmed the decision.

This decision was made following recommendations from the pension fund’s consultant, R.V. Kuhns & Associates. OCERS is currently looking to move away from direct ownership by investing in commingled funds focused within the United States and investing internationally through an index REIT. Additionally, OCERS would like to raise its asset allocation to real estate from 9.4 percent to

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