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Posted on: May 4, 2018, 11:31 a.m.
Mass PRIM said it expects the strategy to lead to a significant fee savings. : In a bid to save on fees, Massachusetts Pension Reserves Investment Management Board (Mass PRIM) plans to make $750m (€629m) of internally-managed, direct real estate investments this year. Mass PRIM is one of the few pension funds in the US to have developed a direct real estate investment programme that does not rely on external investment managers. The $71.7bn pension fund made its first in-house ... Full investment news articleRelevent to this post: State Teachers Retirement System of Ohio Massachusetts Pension Reserves Investment Management Board,