CalPERS’ Real Estate Portfolio Returns Slump

The California Public Employees Retirement System’s (CalPERS) Real assets segment could not duplicate prior quarter’s success, when it was the highest returning major asset class. The investment class, that primarily includes real estate, finished the third quarter with a small positive gain of 0.9%, which trailed both the total fund policy benchmark as well as its own custom policy benchmark (2.2%). Most of this performance was driven by the...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/CalPERS-Real-Estate-Portfolio-Returns-Slump/143324?ref=/News/Article/CalPERS-Real-Estate-Portfolio-Returns-Slump/143324&src=rss