Fort Lauderdale ERS Hires Two for Agriculture Search

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!

New call-to-action

Written By: Koncheng Moua, Director of Data Management and Strategy

Koncheng Moua is the Director of Data Management and Strategy at Dakota.