The St. Louis Public School Retirement System has approved the full redemption in the UBS Trumbull Property Fund.
According to recently released minutes from the October 24 board meeting, an assessment from consultant, AndCo returned ‘non-positive’ results primarily due to long redemption ques. AndCo recommended that the System no longer make any real estate investments and to enter the redemption que.
The market value of the fund was approximately $59 million as of September 30, 2022.
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