Clearwater (Fla.) Employees’ Pension Fund plans to add a $60 million active domestic real estate equity allocation, said Steve Moskun, cash and investment manager. The $610 million fund is looking at both real estate securities and real estate vehicles “with daily or quarterly liquidity.”
“We want to keep our options open at this point,” Mr. Moskun said.
Funding comes from rebalancing. The move was recommended for diversification in a 2005 asset allocation study conducted by Kalson & Associates. A selection is expected after Jan. 1.
