Global residential specialist appoints portfolio manager from $203bn pension fund. : Kevin Scelfo has left the $203bn (€136bn) New York City Pension and Retirement Systems to join Greystar Real Estate Partners. Scelfo, who had been managing a $17bn real estate portfolio for five New York City pension funds, has been hired to manage Greystar’s global multifamily funds and to develop its “relationships with key partners”. Greystar, which is an established multifamily investor in the US, has been expanding in recent years as it seeks to become a global residential investment platform.