US - The California Public Employees' Retirement System (CalPERS) has adopted a five-year, "back to basics" strategic plan for its $16bn real estate programme.
The plan, agreed at a Board Meeting yesterday, will focus on income-generating properties, implement restraints on risk and debt and use separate accounts with asset managers. At least 75% of th...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
