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CalPERS Approves Boost to Real Estate Investing That Could Total $10 Billion

Largest US Pension Fund Sets Asset Allocation Targets for Next Four Years
From its headquarters in Sacramento, the California Public Employees Retirement System oversees $495 billion in assets. (CalPERS)
From its headquarters in Sacramento, the California Public Employees Retirement System oversees $495 billion in assets. (CalPERS)
CoStar News
November 16, 2021 | 8:51 P.M.

The California Public Employees Retirement System, the nation’s largest public pension fund, approved a plan that could see it make another $10 billion in real estate investments over the next four years as it focuses on reducing the volatility of its returns.

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