Correction: Rodamco North America President Matt Deminski said the...

Correction: Rodamco North America President Matt Deminski said the fund’s joint venture with the California Public Employees’ Retirement System to manage a number of U.S. shopping malls would not be abandoned if Westfield Holdings won control of the fund. Rather, CalPERS would have the option of selecting another real estate manager to take control of day-to-day operations of the portfolio if Westfield won control of Rodamco North America. The deal between CalPERS and Rodamco is due to close at the end of this month, he added. Incorrect information was published in the Sept. 5 P&I Daily.