San Francisco City & County Employees' Retirement System board of...

San Francisco City & County Employees’ Retirement System board of trustees adopted a formal real estate plan for 1999 that earmarks about 30% of this year’s commitment to real estate for non-core, high-return real estate options for the $10 billion fund. The allocation is expected to go mostly into real estate limited partnership structures. A decision on the amount is expected later this month, and no estimate was available. The fund’s total real estate target is 8% of total assets; it has about 4.5% invested now.