According to minutes from the January 25 Board meeting, the City of Newport News Employees' Retirement Fund is considering a number of manager searches for the year.
Investment consultant Meketa recommended potentially conducting searches for non-core real estate, non-core infrastructure, and an active international developed equity manager search.
As of June 30, 2023, the $1 billion pension fund allocates 4.7% to real estate, 5.4% to natural resources/infrastructure, and 12.8% to international equities.
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