A California bill that would require placement agents to take flat fees for fundraising services failed to pass a committee Wednesday, prompting key state officials to threaten a push for a full ban on placement agents.
2 min read · 24 January 2013
Investors have been asking selected fund managers to launch real estate funds, according to Ernst & Young’s Dean Hodcroft. He explained his experience at this month’s PERE UK Roundtable discussion.
2 min read · 24 January 2013
The Canadian pension has invested A$200m in a development fund with Goodman targeting Australian logistics and seeded by a distribution centre in Melbourne. It follows a $150m China JV between CPPIB and Goodman.
2 min read · 24 January 2013
The New York-based pension fund and asset manager is expanding into investment management for endowments and foundations, hiring Rice University’s Scott Wise as chief investment officer of the new management business.
2 min read · 24 January 2013
The $8.2bn Los Angeles City Employees’ Retirement System will invest 90% of its portfolio in closed-ended commingled funds, primarily with core and value-added managers.
2 min read · 24 January 2013
The placement agent has denied he 'gave, accepted and failed to disclose gifts' to senior pension executives, after being charged with allegedly 'attempting to bribe' CalPERS official Leon Shahinian.
2 min read · 24 January 2013
Property markets in the US have not corrected, despite the high prices gained in some recent landmark deals. However, fund managers are in danger of investing capital ‘out of sheer boredom of not doing deals’.
2 min read · 24 January 2013
Leon Shahinian, the 12-year pension veteran described as ‘honest’, has been placed on leave after allegations he failed to disclose a lavish trip paid for by placement agent Alfred Villalobos.
4 min read · 24 January 2013
Leon Shahinian, the 12-year pension veteran described as ‘honest’, has been placed on leave amid a burgeoning pension scandal in California.
4 min read · 24 January 2013
The $138bn pension has joined its neighbour CalPERS in supporting legislation that would prevent the two funds from investing with real estate managers who try to convert rent-controlled apartments. CalSTRS staff will also consider possible penalties for GPs who abuse the ban.
2 min read · 24 January 2013
