Kansas Public Employees picks J.P. Morgan for core real estate

Kansas Public Employees' Retirement System, Topeka, committed $125 million to J.P. Morgan Strategic Property Fund, an open-end core real estate fund, confirmed spokeswoman Kristen Basso.

The fund is managed by J.P. Morgan Asset Management.

The $14.2 billion pension fund has an 8.3% allocation to real estate and a long-term target allocation of 11%.

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