California State Teachers plans to take aggressive steps in the coming months to shore up its $13 billion real estate portfolio, whose value has plunged 43 since last summer. Under a series of measures expected to be formally approved tomorrow, the $118.8 billion pension system will adopt a more hands-on approach. It will work more closely with investment managers and joint-venture partners to work out troubled properties. View original here:Â CalSTRS to Step Up Oversight of Holdings
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CalSTRS to Step Up Oversight of Holdings
