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San Jose s Pension Funds Post Record-Breaking Returns | Institutional Investor

San Jose s Pension Funds Post Record-Breaking Returns | Institutional Investor
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San Jose Police & Fire earmarks $19 million for real estate fund

San Jose Police & Fire earmarks $19 million for real estate fund San Jose (Calif.) Police & Fire Department Retirement Plan committed $19 million to Clarion Lion Industrial Trust. The $4.1 billion pension fund closed the commitment to the open-end core real estate fund managed by Clarion Partners on Jan. 4, according to materials for its board s upcoming Feb. 4 meeting. The pension fund is currently invested in the manager s Clarion Lion Properties Fund. The portfolio had $80 million in assets in the plan as of Sept. 30. As of Sept. 30, the actual allocation to core real estate was 4.7%. Ron Kumar, investment operations supervisor, could not be immediately reached for further information.

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