Friday April 26, 2024 | Last Update: April 26, 2024 EDT
Blackstone Group LP announced in a press release that they will be acquiring approximately $3 billion of global real estate fund interests from the California Public Employees’ Retirement System (CalPERS). The acquisition is in line with CalPERS strategic plan to reduce cost and external investment managers.
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The California Public Employees' Retirement System (Calpers) and the California State Teachers' Retirement System (Calstrs) have opposed Bank of America’s amendment of the company’s bylaws that would allow Brian Moynihan to continue as the bank’s chairman and CEO, according to a report from Reuters.
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