FYI: Investors would be better off adding leverage to their core real estate portfolios than paying billions of dollars in fees each year for alternative assets in the sector, a new study has found.
Underfunded public pensions have shifted to riskier assets in hopes of high returns, but their reach for yield in non-core real estate funds is not paying off, according to real estate professor Joseph Pagliari of the University of Chicago Booth School of Business and Mitchell Bollinger, an industry advisor, investor, and analyst.
Regards,
Ted
https://www.institutionalinvestor.com/article/b1hvb4mqbj1hsw/Pensions-Are-Paying-Billions-in-Unnecessary-Private-Real-Estate-Fees
