| 30.01.2009 - North Carolina warns on real estate holdings |
| From IPE: The North Carolina Retirement System lost $17bn (€12.8bn) in value in 2008 and is bracing itself for a steeper decline in real estate values, the Department of State Treasurer announced on Friday. The pension fund, which is the 10th largest in the United States, blamed the financial crisis for the fall and said assets now stand at $60bn, down from $77bn on 31 December 2007..... Full Article: Source |