La. Plan Eyeing Alternatives, Real Estate Increases

Jun 23 2006 | 8:41pm ET

The $1.3 billion Louisiana Sheriffs' Pension & Relief Fund will begin looking at real estate and hedge fund opportunities for additional allocations. Osey McGee, executive director, said the plan currently has 5% allocated to core real estate and 3% to hedge funds and would like to increase those allocations over time to 10% to real estate and 5% to hedge funds.

McGee said the plan would look at other types of real estate investments, including REITs, opportunistic and value-added investments. He said there are no plans to move into private equity. 

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