Searches and Hires

Phoenix City Employees sticks with Alignium as real estate consultant

Phoenix City Employees' Retirement System rehired Alignium as real estate consultant, said Greg Fitchet, investment officer, in an email.

The $2.3 billion pension fund issued an RFP earlier this year after the formation of Alignium by the former real estate consulting team of RVK, which the pension fund had originally hired as the pension fund's first real estate consultant in 2015.

There were no other finalists.

The real estate target is 12% and as of Feb. 28 the actual allocation was 14.2%.