Fort Worth (Texas) Employees' Retirement Fund committed up to $20 million to the Prologis European Properties Fund II, confirmed Robert Hulme, who was named acting executive director and chief investment officer last week.
Prologis specializes in owning, operating and developing industrial properties. It is the $1.9 billion pension fund's first commitment to the firm.
Separately, investment consultant R.V. Kuhns & Associates presented a list of six finalists for a shortlist search for a manager to run $30 million in emerging markets equity. Due diligence will be conducted on American Century Investments; Delaware Investments; Grantham Mayo Van Otterloo; Harding Loevner; Mondrian Investment Partners; and William Blair. A decision is expected in September.
Mr. Hulme is taking over from Ruth Ryerson, who is leaving the pension plan at the end of the month to become executive director of the $7 billion Wyoming Retirement System, Cheyenne. The Fort Worth pension fund has sent a request for information to several executive recruiting firms in its search for a new CIO and executive director.
Mr. Hulme will also continue to serve in his existing roleas deputy director of investments and operations.