The $125bn public pension plan is reportedly trying to back out of a $300m commitment to the $4.7bn MSREF Global VII fund.
2 min read · 24 January 2013
Manatt Phelps, which took a fee from an LA buyout firm for arranging a CalPERS meeting, has agreed to pay a fine and accepted a five-year ban on facilitating business with New York pension funds.
3 min read · 24 January 2013
ING Clarion managing director Jeff Barclay will join Goldman Sachs Asset Management to lead a new core real estate arm.
2 min read · 24 January 2013
The Hong Kong-based firm is eyeing another $200m in commitments over the next three months for its Trophy Property Development II vehicle. Fund I raised more than $1bn in 2008.
2 min read · 24 January 2013
Momentum Real Estate Partners eyes final close in the next year for its debut vehicle, as it targets distressed multifamily in the US Sunbelt region.
1 min read · 24 January 2013
In order to meet future liabilities, the Asia Pacific Real Estate Association has called on pension funds in the region to mirror their US and European counterparts which have asset allocations to real estate of up to 10%.
2 min read · 24 January 2013
Alan Hevesi pleaded guilty Thursday to a felony charge for his involvement in the New York State Common Retirement Fund pay-to-play scandal. Hevesi is the seventh individual to plead guilty in attorney general Andrew Cuomo’s ongoing pension fund investigation.
2 min read · 24 January 2013
Philip Alfieri has left Infrastructure Management Group to help Franklin Templeton select fund managers specialising in transportation, agriculture, water, energy and timber investments.
2 min read · 24 January 2013
Morgan Stanley Real Estate Investing has teamed up with German retail real estate investment and development firm Redos Real Estate to ‘invest several hundred million Euros’ in retail properties in Germany. The partnership, MSREI’s second struck this year in Europe, has started with the €150 million purchase of a 23-asset strong portfolio.
2 min read · 24 January 2013
The California giant has united its $1.1bn multifamily portfolio under GID, at the expense of BlackRock, which turned in a negative 12.3% return on its portfolio over five years.
2 min read · 24 January 2013
