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Posted on: May 9, 2018, 12:31 p.m.
Pension fund allocates $460m in new capital to Institutional Mall Investors. : California Public Employees Retirement System (CalPERS) continues to invest billions of dollars in US shopping malls, despite widespread weakness in the country’s retail property market. The $353bn (€297bn) pension fund has approved a new $460m commitment to its $6.4bn joint venture with retail specialist Miller Capital Advisory, according to a board meeting report. The latest investment comes less than 12 months after it added $250m to the co-investment ... Full investment news articleRelevent to this post: Miller Capital Advisory Maryland State Retirement and Pension System,