Missouri Department of Transportation and Highway Patrol Employees’ Retirement System, Jefferson City, committed $25 million to a core real estate fund managed by Clarion Partners, said Larry Krummen, chief investment officer, in a quarterly investment report posted on the pension fund’s website.
The $2 billion pension fund’s target allocation to real estate is 10%. As of June 9, the actual allocation was 11.2%.
The pension fund also allocated $17 million to a mortgage strategy managed by Aberdeen Asset Management and made direct investments in hedge funds managed by Achievement Asset Management and Jamison Capital Partners.
Additional details were not provided in the report.
Mr. Krummen did not return phone calls seeking further information by press time.