RREEF gets mandate for Calpers' European industrial portfolio

By A staff reporter 2010-12-03T00:00:00

US pension fund Calpers has mandated RREEF, the asset management vehicle of Deutsche Bank, to manage its $60 mln (EUR 45.3 mln) European industrial portfolio. The move follows Calpers' ousting of LaSalle Investment Management as manager of its portfolio of warehouse and distribution centres in the US and Europe.

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