CalPERS Drops BlackRock as Apartment Manager

By Jon Peterson Eighty-five hundred employees in 24 countries were not enough to allow asset-management behemoth BlackRock Inc. to hang on at the California Public Employees’ Retirement System. CalPERS announced Oct. 4 that it had dismissed BlackRock Realty Advisors as a core, separate-account apartment manager and handed over its $1 billion Western Multifamily LLC portfolio […]