The $132.2bn public pension is shifting its attention away from value-added and opportunistic strategies, and sets an overall benchmark for the asset class to meet: a minimum of 9.25% net of fees.
3 min read · 24 January 2013
More than 300 delegates attended the PERE Forum: Europe 2010 conference in London last month, among them Brookfield's Bruce Flatt, GIC Real Estate's Bernard Phang and The Wellcome Trust's Peter Pereira Gray.
2 min read · 24 January 2013
Vornado Capital Partners has raised $350m of equity from institutional investors and $200m in co-investment from the REIT, as it targets $1bn for its value-added vehicle.
1 min read · 24 January 2013
The Singaporean sovereign wealth fund registered a portfolio value of S$186bn at 31 March 2010. Asia, and other growth markets including Latin America, remains its key investment focus for the next ten years.
3 min read · 24 January 2013
Aberdeen Asset Management says in a report out this month that a number of factors will conspire to weaken the economic climate going into 2011
2 min read · 24 January 2013
Susan Barlow has left the real estate investment arm of Deutsche Bank after two years. It follows news that Chuck Leitner was stepping down as global head to lead the non-profit Greenprint Foundation.
2 min read · 24 January 2013
Aureos Capital, the London-based private equity firm, has joined forces with Urbi Desarrollos Urbanos, the Mexican residential developer, to create more low-income housing in Mexico.
2 min read · 24 January 2013
The former co-founder of Credit Suisse’s real estate equity group Trevor Bond has been named interim chief executive officer of the New York-based sale-leaseback firm, effective today, until a successor to Gordon DuGan is found.
2 min read · 24 January 2013
The fragile nature of the relationship between firms and public pensions was highlighted recently by two events – an SEC ban on unregistered placement agents, and a controversial speech given by a Blackstone executive. Christopher Witkowsky explores.
3 min read · 24 January 2013
Will the US Congress’ calls for strict limits on bank co-investment in captive private equity real estate funds encourage financial institutions to leave the industry?
3 min read · 24 January 2013
