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Pembroke Pines Firefighters & Police sets $8 million for timberland

Pembroke Pines (Fla.) Firefighters & Police Officers Pension Fund committed $8 million to Molpus Woodlands Fund V, a timberland fund managed by Molpus Woodlands Group, recently released board meeting minutes said.

The $618 million pension fund previously committed $9 million to Molpus Woodlands Fund IV in 2014.

Investment consultant Dahab Associates assisted.

James Fisher, plan administrator, could not be immediately reached to provide further information.