World Bank, Washington, is reviewing the combined real estate portfolio for its $10.7 billion pension fund and its $900 million medical benefits plan, said Sudhir Krishnamurthi, co-chief investment officer.
"We will not be stepping up the allocation to the asset class significantly,” he said. The review, expected to be completed by the end of this month, instead will help determine how the bank’s real estate portfolio should be divided among REITs, open-end funds and other vehicles. The two funds have about 6% of combined total assets in real estate.
