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PERS board approves $75 million TA Realty commitment, approves manager search to replace Baillie Gifford
Summary
The PERS board voted to commit $75 million to TA Realty Fund 14 and to begin a search to replace Baillie Gifford in a $750 million allocation after reviewing performance and staff recommendations.
The Public Employees’ Retirement System board voted to approve a $75,000,000 commitment to TA Realty Fund 14 and authorized staff to begin a manager search to replace Baillie Gifford in the All Country World ex-U.S. allocation. The investment committee presented the recommendations after a two-day committee process that included a market update and performance review from consultants Callan. The committee reported that PERS’s…
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