Trilyn managing director Mark Antoncic has warned limited partners to band together and be assertive when trying to preserve their investments. In some cases, this could involve replacing the GP.
2 min read · 21 January 2013
Paris-based insurer Axa says its real estate investment management business has struck an agreement with Chinese insurer, Ping An, to co-invest in residential projects in the country. A China real estate fund is also on the way.
2 min read · 21 January 2013
The two powerful California pension funds have announced huge write-downs in private equity and real estate over the fiscal year ending in March. Both funds have implemented measures to counter the losses, including moving allocations and negotiating for lower fees.
2 min read · 21 January 2013
The $119bn pension’s new ‘absolute return’ asset class will include infrastructure investments and could lead to a search for a manager to run the investment programme. The move is part of a wider asset allocation shift to be unveiled at its August meeting after CalSTRS saw its portfolio value tumble 25 percent over the last year.
3 min read · 21 January 2013
Even though investments into Asian, non-listed real estate funds have dipped markedly in the short-term, allocations to the sector will increase over the next three to five years.
2 min read · 21 January 2013
The flow of private real estate firms launching public debt REITs has increased again, after the New York-based firm filed an IPO for Ladder Capital Realty Finance. The vehicle will primarily originate first mortgages and target some CMBS, B-notes and mezzanine loans.
2 min read · 21 January 2013
David Hodes and Doug Weill have left the investment bank's real estate placement group to create their own firm, Hodes Weill & Associates. The pair co-founded the real estate placement agent in 2000 with Bill Thompson, who remains at Credit Suisse along with other senior management.
2 min read · 21 January 2013
Richard Levin, president of Yale University, said the investment model designed by David Swensen had performed ‘spectacularly well’ for the endowment despite a 30% decline in value in the last fiscal year, according to a Bloomberg report.
2 min read · 21 January 2013
As events in the US draw the conduct of placement agents into the limelight, research conducted by PEI Media shows that many LPs find it hard to tell the genuine article from the so-called 'finders'.
2 min read · 21 January 2013
As LPs struggle to deal with their own liquidity issues, real estate secondaries specialist Landmark Partners says many limited partners may be missing the ‘ultimate’ investment opportunity.
2 min read · 21 January 2013
