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Trustees weigh real‑estate redemptions, infrastructure and private alternatives; Genter to receive short‑term bond holdings
Summary
Trustees reviewed partial real‑estate redemptions and where to deploy proceeds — fixed income, infrastructure, or private alternatives — and were told a new fixed‑income manager will inherit most short‑term securities the board has been holding.
Trustees reviewed options for proceeds from partial real‑estate redemption requests and discussed potential alternatives on Oct. 23. Scott Owens, the plan’s investment consultant, told trustees that AEW had been honoring quarterly redemptions since May 2023 while UBS suspended redemptions in 2025; the plan has been holding distributions in an interest‑bearing account awaiting a policy decision.
Board members and staff discussed three practical…
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