Aug
19
A $76 Billion Fund’s Growing Bet Shows Normal Is a Long Way Off
ByThe largest commercial pension fund in Denmark is making a big bet on real estate as it adjusts its portfolio in anticipation of very low interest rates for a very long time.
Michael Bruhn, head of real estate at PFA in Copenhagen, just spent more than $1 billion on property in Germany as he adds to a real estate portfolio that’s now worth over $9 billion…
A $76 Billion Fund’s Growing Bet Shows Normal Is a Long Way Off