Austin (Texas) Police Retirement Fund is committing $11 million to the Evergreen Timberland Fund for its $264 million pension plan, said Sampson K. Jordan, pension administrator. Funding most likely will come from reducing equity portfolios, but a final decision will not be made until the board’s Oct. 16 board meeting.
Private Capital and Arbor Capital currently manage the fund’s domestic small-cap equities; Navellier and Eubel, Brady & Suttman manage its domestic midcap equities; Davis Hamilton Jackson and Nicholas-Applegate, domestic large-cap equities; and Brandes Partners, international equities, he said.
