Contra Costa Discussing Alternatives, Real Estate

Jun 16 2006 | 9:59pm ET

The $1.3 billion Contra Costa County (Calif.) Employees Retirement Association may make an investment in alternatives and has discussed adding another real estate manager.

The fund is currently 2% underweight in alternatives and last month began discussing potential investments in private equity fund-of-funds to meet its 5% target allocation, according to minutes from the plan's May meeting. The discussion was led by Carey Halley, cio of the plan, and consultant Bob Hellisen of Milliman.


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