Vermont pension fund to increase real estate allocation to 10%

The Burlington (Vt.) Employees Retirement System is seeking to increase its real estate asset allocation to 10 percent (representing an investment of $19.3 million) from 8 percent ($15.5 million).

The proposed allocation shift will be facilitated by a decrease in the fund’s domestic equity asset class, which has a 35 percent allocation, redirecting the funds to real estate.

The pension fund’s consultant, Dahab Associates, is scheduled to provide a recommendation at the June 24 board meeting.