Orin Kramer, chairman of the New Jersey's investment council, urged council members to lift the 28% cap on alternatives. The pension could have made $21bn in the past decade by boosting its private equity, real estate and hedge fund exposure.
3 min read · 24 January 2013
Mubadala, the Abu Dhabi sovereign wealth fund, is to step up its real estate investment programme via a joint venture with Pramerica Real Estate Investors. Mubadala Pramerica Real Estate Investors will initially focus on investing in Abu Dhabi and the Middle East but is expected to evolve into a more international platform in time.
2 min read · 24 January 2013
The nation's two largest public pensions are responding to increased private equity and real estate workloads by adding staff positions to better manage GP relationships.
3 min read · 24 January 2013
The bankrupt mall REIT expects to exit Chapter 11 in October after agreeing a $8.55bn recapitalisation plan with Brookfield, Pershing Square and Fairholme Capital – and an additional $500m from Texas TRS.
3 min read · 24 January 2013
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
