The San Francisco Employees’ Retirement System (SFERS) have announced their new Head of real estate, Lindsey Adam.

The $15 billion pension fund based in America has promoted Lindsey Adams from a security analyst to the position of a Senior Portfolio Manager of Real Estate. Adam has been with the company for over three years. Previously, she was working at AMB Property as a vice president and portfolio manager.

According to officials, this role has been available since December 2009, when Donald Holcher, the previous head of real estate was promoted to the position of a head of head of private markets. Following this, Holcher retired by the end of 2010.

The promotion of Adams has initiated SFERS retirement board to be restructured and reorganised allowing for enhanced management of the alternatives program and the increasing number of manager relationships.

SFERS have invested $1.4 billion into real estate which is approximately 10 percent of their total assets. One of Admas task is to grow the plan’s commitment to real estate.

Source: PERE 19/01/2011