LG&E Energy Corp., Louisville, Ky., may invest up to $25 million in a REIT, said Roger L. Smith, manager of benefits and compensation. The $500 million pension plan conducted some informal interviews and has no deadline for deciding if it will make the REIT allocation or how it would be funded, he said. The plans asset allocation is 55% domestic equity, 29% domestic fixed income, 15% international equity and 1% cash. LCG Associates is advising.
LG&E Energy Corp. , Louisville, Ky., may invest up to $25 million in a...
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