AEP pension fund decreases allocation to real estate

The US power generator's private pension plan has decreased its exposure to real estate.

Institution: American Electric Power Private Pension Fund
Headquarters: Columbus, United States
AUM: $4.80bn
Allocation to alternatives: 15.40%

American Electric Power Private Pension Fund (AEP) has decreased its real estate allocation from 4.69 percent to 4.50 percent as of Q1 2019, a contact at the private pension plan informed PERE. This decrease follows a previous drop in real estate exposure from 5.61 percent.

As illustrated in the charts below, the $4.80 billion institutional investor tends to focus on core, value-add and opportunistic real estate investments across Europe and North America.

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