Kansas Public Employees Retirement System, Topeka, will discuss investing in global REITs and the JER Europe Fund III, a real estate fund, at an investment committee meeting late today, confirmed CIO Robert “Vince” Smith. Neither the amount of the potential investments nor a source of funding has been identified. Both allocations would be new and are being added for diversification. The $13.3 billion plan has about 8% of assets in real estate. Pension Consulting Alliance is assisting.
Separately, executive search firm EFL Associates was hired to help plan officials find two investment officers, one for real estate and one for alternatives, Mr. Smith said. EFL is recruiting candidates, but no timeframe has been established for making the hires.
