From IPE: California Public Employees’ Retirement System (CalPERS) has, or in is in the process of, sacking a number of real estate managers, according to a report from its advisers Pension Consulting Alliance (PCA).

The announcement was made by PCA via a memo to CalPERS’s investment committee, in relation to the performance of the pension fund’s real estate investments over the third quarter………………………………Full Article (Registration Required): Source

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