Illinois State Universities Retirement System, Champaign, hired RREEF and UBS Realty Advisors to run $150 million and $120 million, respectively, in direct real estate investments, said James M. Hacking, executive director of the $13.28 billion fund. Previously, the system had 2.9% of assets allocated to real estate, all in REITs. Sources of the funding could be decided in March, when trustees review target asset allocations for rebalancing, he said.
Illinois State Universities Retirement System, Champaign, hired RREEF...
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