Hawaii Employees hires new real estate consultant

Hawaii Employees' Retirement System, Honolulu, hired Aon Hewitt Investment Consulting as real estate consultant, pending final contract negotiations, said an award notice on the $15 billion pension fund's website.

The pension fund issued an RFP in February due to the March 31 contract expiration of incumbent real estate consultant Courtland Partners. It could not immediately be learned whether Courtland Partners rebid.

The pension fund's real estate holdings fall under its broad growth portfolio, which has an overall target of 63%.