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Lacera To Reduce Size Of Real Estate Portfolio By $1bn | News | Ipe Ra

by realassets.ipe.com posted 1month ago 11 views
Pension fund plans to rebalance portfolio in favour of funds. : Los Angeles County Employees Retirement Association (LACERA) is planning to reduce the size of its real estate portfolio. According to a board meeting report, the pension fund plans to sell assets during the next fiscal year that would result in a $1bn (€886m) net reduction. Last September, 85% of its $6.4bn real estate portfolio was managed in the form of separate accounts. This could be shifted so that separate accounts and commingled funds represent an equal share.

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