Virginia Retirement System (VRS) has terminated its $88m (鈧�84.7m) infrastructure separate account with Brookfield due to a shift in strategy by the pension fund.
The Brookfield infrastructure separate account 鈥� held in the pension fund鈥檚 global real assets portfolio 鈥� invested in publicly listed infrastructure companies globally.
VRS told 麻豆映画 Real Assets: 鈥淭he termination resulted from this account no longer fitting in with the strategy for the overall portfolio.鈥�
The pension fund is yet to decide how the redeemed capital will be invested in future.
鈥淭he Brookfield termination proceeds will be placed into cash at this time,鈥� VRS said.
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