Investors

CalPERS reports real estate underperformance

By contrast, the $351bn pension fund saw property exceed its benchmark by 24 basis points during the previous fiscal year.

Allianz Real Estate nears investment milestone in China

The German insurer is targeting to raise its China exposure to €1bn by the end of this year.

POBA goes direct in US real estate credit

The Korean pension fund has re-upped with Square Mile Capital, but this time with a bigger check.

ADIA to exploit capital crunch in China

The sovereign wealth fund sees a net deployment year for Chinese property on the back of the government’s deleveraging of the domestic economy, heard delegates at PERE’s China conference.

Japan’s GPIF to bolster global real estate push

By opening itself up to limited partnerships, the world’s largest pension fund will have the ability to significantly increase its exposure to the asset class.

Tricon launches $750m JV for single-family rentals

The Toronto-based real estate investment firm is partnering with an Asian sovereign wealth fund and US pension fund to invest in 10,000-12,000 homes.

Five retail trends to watch

Navigating the sector in 2018 is a challenging task.

Inter-strategy selling: a solution for some

Rolling assets from higher to lower risk and return vehicles in the name of retention makes sense to some managers, while others see conflict of interest.

Texas Teachers mulls Singapore office

The Austin-based pension fund is seeking better regional coverage of Asia and Australia.

CalSTRS lands next-generation ‘superstar’

UC Regents’ Scott Chan will be second-in-command to Christopher Ailman, who has led investment at the pension for almost two decades.

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