Iowa Public Employees puts 2 on watch
By Robert Steyer | June 28, 2012 4:01 pm
Principal manages $755 million in core-plus fixed income and was put on watch “due to modest underperformance over the last year,” Ms. Akre wrote in an e-mail. A spokesman at Principal didn't return a call for comment by press time.
RREEF, which manages $375 million in equity core real estate and $294 million in a REIT, was put on watch because of “concerns about the potential impact from the failed Guggenheim (Partners) buyout,” said a summary prepared by the IPERS board. Discussions between Guggenheim Partners and Deutsche Bank over the sale of DB's RREEF business ended June 20 without a deal.