Hello, Stanford. Some news for you:
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Australias Westfield
launches $4.8 billion JV with the CPPIB.
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The $71B Australian Future Fund only has $2B in Europe;
3% of portfolio. For a "diversified" investor, that's _remarkably_ light.
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Korea's NPS getting
a taste of what it's like to be CalPERS. All eyes on you!
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So you remember that $50B in new cash for the CIC that's been all over the news lately? It's
wrong. Again.
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CalPERS actuary
suggests lowering expected return. Good luck with that!