Investment Section

real estate portfolio was up 12.2 percent for the fiscal year, finishing 12.5 percent above its custom public-markets-equivalent benchmark. Absolute return assets generated a return of 5.5 percent, outperforming the benchmark by 1.8 percent, and risk parity strategies generated an 8.1 percent return, outperforming the custom index by 0.7 percent. ................
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