Alameda County Employees' Retirement Association, Oakland, Calif., is searching for a real estate consultant, according to recently released board meeting minutes.
The $6.7 billion pension fund's current real estate consultant is The Townsend Group; it could not be learned by press time whether the fTownsend Group; it could not be learned by press time whether the firm may rebid.
The board approved issuing the RFP at its March 22 meeting; the pension fund's allocation to real estate is 6%.
The RFP will be posted on the pension fund's website; further information could not be learned by press time.
Separately, the pension fund committed $35 million to AG Opportunistic Whole Loan Fund, a direct loan fund that invests in residential mortgage loans and is managed by Angelo Gordon & Co.
Betty Tse, chief investment officer, did not return phone calls by press time, and a phone call to CEO Vincent Brown was referred to the board meeting minutes.