The tenth largest pension fund in the US has reported a 5.6% fall in returns for real estate in 2008, but the sector still outperformed other asset classes.
1 min read · 21 January 2013
The $1.5bn pension, concerned that GPs were not ‘realistic’ during the boom period, will also delay an initial allocation to the private equity asset class.
2 min read · 21 January 2013
Fund managers say the private equity and real estate markets are entering a new paradigm, with fees one area set for potential change. Fees, one GP said, had gotten “out of hand”.
2 min read · 21 January 2013
As real estate values continue to fall, real estate investment managers admit they are struggling to meet the increasing demand for information. Investors want information on a ‘daily basis, not monthly or quarterly’, according to a new report.
1 min read · 21 January 2013
The online news service of PERE magazine celebrated the registration of its 10,000th user today – a US-based real estate acquisitions professional – by awarding a free pass to the upcoming PERE Forum in Hong Kong.
1 min read · 21 January 2013
Unilever’s fund called Progress wants to switch out of direct property holdings and into indirect holdings.
1 min read · 21 January 2013
The $153bn pension allocated $200m to Bank of America for investments with emerging managers, and $350m to minority-owned Parish Capital as part of its emerging private equity managers programme.
2 min read · 21 January 2013
The UK-based association representing more than 20 investor institutions, including the Wellcome Trust, Hermes and the USS, is seeking to raise its profile and better represent LPs during the downturn.
2 min read · 21 January 2013
LaSalle Investment Management is vying to replace Blackstone as Global Firm of the Year in the PERE Awards. You still have time to cast your votes for this and other 2008 Global PERE Awards categories.
2 min read · 21 January 2013
The $28bn Alaska Permanent Fund says it's a 'difficult time to be an investor' as it saw heavy losses in the public real estate markets in 2008. Overall, Alaska’s real estate portfolio lost around 8% of its value, with its REIT investments falling almost 50%.
1 min read · 21 January 2013
