Investors - APRIL 15, 2014

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

SBCERA approves potential $50m commitment, consolidates consultants

by Reg Clodfelter

The investment committee for the $7.6 billion San Bernardino County (Calif.) Employees’ Retirement Association approved a recommendation for a $50 million initial investment in Invesco Real Estate Asia Fund and made a move to potentially consolidate its consulting team.

The approval of the investment recommendation, which was confirmed by Don Pierce, chief investment officer with SBCERA, is subject to a decision by SBCERA’s Board of Retirement, which should be made at a May 1 meeting.

The investment committee also approved a motion to terminate its contract with The Townsend Group for real estate consulting and subsequently expand the scope of its general consultant, NEPC, to include real estate investment consulting. This decision is also subject to approval from the Board of R

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy