Alaska State Pension Investment Board, Juneau, put Lowe Enterprises Investment Management on watch because TIAA-CREF agreed to buy a 49% minority stake in the real estate advisory firm. "It's no reflection on Lowe," said Lee Livermore, CIO of the $10.5 billion system. "All managers automatically go on the watchlist for 18 months when there are ownership changes."
Lowe manages $200 million in a core separate account for the system.
