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The Pension Board unanimously stopped the remaining redemption process for approximately $3 million from Barings and will revisit the real estate investment plan in September. The pension portfolio returned -1.5% in the first quarter of 2026, while asset allocations remained close to targets.
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The board paused a planned transfer of pension investments from Barings to TA Realty, giving it more time to review the strategy. Members may also consider changing Barings’ target allocation at the September meeting. The board approved updated target asset allocation changes and routine pension administration items.
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