Fort Lauderdale ERS Hires Two for Agriculture Search

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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.

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Written By: Dakota

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