US - The city of Lansing's pension funds are looking for commingled real estate managers to run up to $22.5m in mandates.
The Lansing funds, with a combined total of $450m in assets, are looking for managers to run their first investments in the asset class. The funds have a 5% real estate allocation to fill and are presently deciding whether or not to hire a single or multiple managers with complementary investment strategies.
Interested firms can obtain a copy of the RFP from the funds' consultant, Asset Consulting Group.
By Geoffrey Ho
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
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While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.