Access here alternative investment news about Missouri Local Government hires timber manager, commits to real estate funds
Real Estate
Missouri Local Government Employees Retirement System, Jefferson City, hired Timberland Investment Resources to manage a $146 million timber portfolio, said Brian Collett, chief investment officer, in an e-mail to Pensions & Investments. 

Funding comes from the $6 billion pension fund’s termination of BTG Pactual; the reason for the termination could not be learned by press time.

Separately, the pension fund committed $75 million each to Prudential Senior Housing Partners V, managed by Prudential Real Estate Investors, and Related Real Estate Fund II, managed by Related Fund Management.

Mr. Collett did not return phone calls seeking further information by press time.