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Pension Funds

Vermont names 2 finalists in international real estate manager search

Vermont Pension Investment Committee, Montpelier, named two finalists in its search for its first international real estate manager to run up to $100 million for the $4 billion Vermont State Retirement Systems, said Matt Considine, director of investments, in an email.

Brookfield Asset Management and Centerbridge Partners will make presentations at the committee's Oct. 24 meeting. The committee began a shortlist search in February because the pension fund was underweight on real estate. The pension fund's target is 8%; as of Dec. 31, the actual allocation was 6.7%.

Investment consultant NEPC is assisting.