CalPERS Committed to Long-Term Quest for American Logistics
The California Public Employees’ Retirement System (CalPERS) experienced bumpy roads since 2000 in their quest for investing in U.S. warehouses and other logistic properties. Throughout the years, the pension giant terminated and hired real estate managers to run its allocation in logistics. For example in 2010, CalPERS fired LaSalle Investment Management and hired GI Partners to manage its North American assets of its CalEast Global Logistics LLC. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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