CalPERS Plans $2B RE Allocation

加州出版ic Employees’ Retirement Systemis seeking to allocate around $2 billion to property deals this year,The Wall Street Journalreports. The pension fund is planning to commit more capital to separate accounts property portfolios managed by real-estate companies.

The system is expected to discuss its new strategy in a board meeting as early as February. CalPERS recently appointed companies, includingCommonWealthPartners,GIPartnersandGIDInvestmentAdvisersasitsreal estate managers.

Click here for the story fromThe Wall Street Journal.