The Fort Lauderdale General Employees’ Retirement System has approved hiring two managers for an agriculture investment search.
$35 million will be split equally between the US Core Farmland Fund managed by US Agriculture and the AgriVest Farmland Fund managed by UBS Asset Management.
The $721 million Retirement System’s consultant, Dahab Associates, assisted with the search.
Dahab initially recommended a 5% target allocation to agriculture at the January board meeting.
For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace!
