Kansas Public Employees Retirement System, Topeka, hired AEW to manage $300 million in core real estate for the $8.3 billion pension plan, said Bob Schau, real estate investment officer. Funding came from terminating Lend Lease, which ran the money in a similar style and had been on watch since the first quarter because of management changes, Mr. Schau said. Lend Lease will assist with the transition. INVESCO was the other finalist, he said. Pension Consulting Alliance, the plan's real estate consultant, assisted.