Institution: Florida Retirement System Trust Fund
Headquarters: Tallahassee, United States
Allocation to alternatives: 17.50%
Florida Retirement System Trust Fund will continue with its investment plan for real estate in light of Covid-19, a source at the pension informed PERE.
Over the next 12 months the pension will increase it’s allocation to real estate, and has no plans of slowing down committing to funds in light of Covid-19. The $165.40 billion US public pension has a 10.0 percent target allocation to real estate that currently stands at 9.50 percent.
As illustrated below, the pension fund has historically committed to opportunistic funds globally.
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