Calpers Investment Committee "in Sacramento voted to reduce the target of 222.1 billion dollars of real estate assets as a percentage of 8 percent to 10 percent. The shares rose 1 percentage point to 50 percent and the obligations of 3 percentage points to 19 percent.
Real estate investments were valued at $ 18.4 billion in August, stocks and private equity gains leading to a return of 20.7 percent in the 12 months ended June 30, the best result in 14 years. 10, with $ 107.8 billion in equity and fixed income assets at $ 43.1 billion, according to data Calpers site.
"Therefore, the significant persists a certain amount of time, especially because the staff has focused more in recent years on the sale of the real problems and improve the quality of the existing portfolio of new investments.." "Given the market demand for real estate, the distribution of $ 5 billion of net exposure (probably ~ $ 10 billion in gross exposure) at fair prices will require a significant amount of time," according to a note by Andrew Junkin, managing director and chief in Santa Monica, California, Wilshire Associates, President George Diehr investment.
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