10.08.2012 - CalPERS modifies private market strategies
A major development is occurring in the world of public pensions. Public investors are seeking fewer relationships in managers, but are willing to enlarge allocations. This concentrated approach to private market investing is contributing to the rise of separate accounts and strategic relationships. The California Public Employees Retirement System’s (CalPERS) real estate program had their US$ 6 billion capital allocation increase approved in June 2012. At the end of May 2012, CalPERS had a real estate portfolio valued at US$ 21.8 billion...............................................Full Article: Source
Print