IIJournals JPM-Special Real Estate Article Collection | Page 21

A Global Perspective on Pension
Fund Investments in Real Estate

P IET EICHHOLTZ

N
32

U

Most importantly, we are able to compare
different investment styles and approaches to
and study what these deliver for the bottom
line of pension funds. Our study shows that
large pension funds have significantly lower
costs and higher benchmark-adjusted performance than small funds and that US pension
funds