PERF allocates US$3.4m to real estate

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US - The US$15.2bn Public Employees' Retirement Fund (PERF) of Indiana has committed $3.4m to a Real-Estate Opportunities Fund, run by House Investments.

The investment adds to the $11.44m committed to the firm's to Real-Estate Opportunities Fund III in 2004. To date, that fund has delivered an annualised return of 14.9%. The firm invests primari...

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