CalPERS increases firepower of Chinese property strategy: "GLOBAL – The California Public Employees Retirement System (CalPERS) has allocated more capital to its Chinese real estate strategy after ARA Asset Management successfully deployed $300m (€224m) on its behalf.
CalPERS had already committed $500m to China Investment Partners, its single-investor fund managed by ARA, but has increased this to $830m, according to ARA."
'via Blog this'
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