CalPERS Takes Huge Hit to RE Portfolio
November 11, 2009
CalPERS has taken a huge hit to its real estate portfolio according to The Registry. At the end of March, the pension fund placed a net-asset fair-market value on its real estate holdings of $17.6 billion. Three months later, the retirement system said the value had fallen by nearly a quarter to $13.4 billion. Amongst [...]
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