Large Investors Choose To Swim on Their Own

The Wall Street Journal, Wednesday, May 23, 2012

MONEY & INVESTING:  THE PROPERTY REPORT

Large Investors Choose To Swim on Their Own, By Craig Karmin

“Some of the world’s biggest investors are betting they can beat real-estate fund managers at their own game.  Put off by high fees and disappointing performance of so-called pooled funds, major institutions such as Harvard University’s endowment, Canada Pension Plan and Abu Dhabi Investment Authority are building in-house real-estate investment divisions to acquire property directly.  They are making fewer real-estate investments through outside fund managers who pool contributions from dozens of investors.”

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