CalPERS gives emerging real estate programme green light

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US - The California Public Employees' Retirement System (CalPERS) has approved a new $200m programme for emerging real estate managers with less than $1bn of assets under management.

CalPERS said the term of the new Emerging Manager Programme for Real Estate will be five years, but it will review the progress and outcome of the programme after two years. "Our top goal is to ...

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