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CalPERS Notches 14.8% Return as Real Assets Lag the Rally at 6.3%, Portfolio Swells to $637B
The nation's largest public pension fund rode a soaring stock market to its best investment year in more than a decade, but its real estate and infrastructure holdings badly trailed the rally, underscoring the drag that property continues to exert on institutional portfolios. The post CalPERS Notches 14.8% Return…
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