13.09.2012 - U.S. funds have pension industry’s lowest real estate returns
U.S. funds have had the lowest real estate returns in the global pensions industry because they rely on costly external managers and made risky bets before the financial crisis, according to a study by Maastricht University. Property investments generated an average net annual return of 5.7 percent for U.S. pension funds from 1990 through 2009, according to research by the Netherlands-based university. That compares with 7.2 percent returns for Canadian funds and a typical return of more than 7 percent for other funds...............................................Full Article: Source
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