Prices are down and dire forecasts abound, but asset owners plan to modestly boost their CRE exposure.
Tag: New York Common
The pension made the move after a racial discrimination lawsuit led to a $130 million verdict in punitive damages.
CalPERS, CalSTRS, and NY Common helped push through outside directors at the oil leviathan, rather than unload its shares.
Sure, passive beats active hollow overall, but ferreting out the market beaters is worth it. Some pension funds heartily agree, some really don’t.