Theurillat, Thierry; Corpataux, José; Crevoisier, Olivier - Group of Research in Territorial Economy (GRET), … - 2010
15% of Swiss pension funds’ wealth was invested in property. As far as their investment policy is concerned, pension … portfolios. Alternatively, they can buy shares in mainly Zurich-based investment vehicles. In the first case, pension funds … are assessed internally by the funds. In the second case, pension funds are merely investors and investment appraisals and …