Relevant:
- Calpers Sells Stock Amid Rout to Raise Cash for Obligations
- With Pension Fund Giant Calpers Quitting Hedge Funds, Other Investors Reflect
- Lennar Closes $300MM REO, Distressed Mortgage Investment Fund
- CalPERS axing investment managers over real estate losses
- California pension funds close to bankruptcy
2009-02-15 — wsj.com
" Pennsylvania's public-school employees' pension fund said it has backed out of $925 million in commitments to five real-estate funds, a harbinger of more pain for the real-estate industry as institutional investors reconsider property investments."
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