Genessee County Employees' Retirement System, Flint, Mich., is completing a shortlist search for an opportunistic real estate manager to run about $11 million, said Debra Tocarchick, retirement office supervisor. RFPs were issued to 24 firms, said George Vitta, managing director of Asset Strategies Portfolio Services, the $437 million plan's consultant. Finalist interviews have not yet been scheduled, but the new contract is expected to begin July 1, Mr. Vitta said. Funding will come from reducing a core-plus fixed-income portfolio run by Dreyfus, Ms. Tocarchick said, leaving it with about $109 million. Trustees want to lower the plan's bond exposure in response to falling interest rates, she said.
Genessee County Employees' Retirement System, Flint, Mich., is...
Sponsored
White Papers
Sponsored Content
Partner Content