Institution: Arizona State Retirement System
Headquarters: Phoenix, AZ, United States
AUM: $49.1 billion
Allocation to real estate: 20.4%
During Arizona State Retirement System‘s March 29 BOT meeting, private markets portfolio manager Micheal Copeland announced that the retirement system will be lowering its real estate target from 20 percent to 17 percent. Copeland believes it will reach this goal by June 30, 2024.
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