Aug

A $76 Billion Fund’s Growing Bet Shows Normal Is a Long Way Off

The 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…

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A $76 Billion Fund’s Growing Bet Shows Normal Is a Long Way Off

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