Kansas Public Employees Retirement System, Topeka, hired executive search firm EFL Associates to help officials at the $13.3 billion plan find two investment officers, one for real estate and one for alternatives, said system CIO Robert “Vince” Smith. EFL is recruiting candidates, but no timeframe has been established for making the hires.
Separately, system officials will discuss investing in global REITs and the JER Europe Fund III, a real estate fund, at an investment committee meeting late today, confirmed Mr. 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 plan has about 8% of assets in real estate. Pension Consulting Alliance is assisting.
