West Midlands Pension Fund, Wolverhampton, England, rehired CBRE Global Investors to run a £622 million ($1 billion) real estate allocation, said Geik Drever, director of pensions at the fund.
The contract had previously been on an advisory basis, she said, but is now run on a discretionary basis. An RFP was issued in April.
The pension fund has £10.6 billion in assets.
