Name: Maryland State Retirement and Pension System
Headquarters: Baltimore, US
AUM: $61.4 billion
Allocation to alternatives: 42%
Additionally, the Baltimore-based public pension fund is rebalancing its core real estate portfolio in order to diversify and reduce fees.
MetLife Investment Management launched its debut Core Property Fund in November 2013. The open-end vehicle invests in North American real estate with a focus on core properties.
MSRPS allocates 12 percent of its total investment portfolio to real estate, comprising $7.4 billion in capital.
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