The $200bn sovereign wealth fund is shifting around its senior investment officers as it reorganises its investment departments.
1 min read · 21 January 2013
Europe’s banking sector gets shaken up even more as Commerzbank agrees to sell off its commercial real estate and public finance bank, Eurohypo, within five years.
1 min read · 21 January 2013
State comptroller Thomas DiNapoli has today released details on 94 funds to which former comptroller Alan Hevesi committed capital. The comprehensive list also includes the names of placement agents used and the fees they were paid.
2 min read · 21 January 2013
Delegates at an Asian property conference said their intention is to increase allocations to property with a bias towards listed companies.
1 min read · 21 January 2013
Lisa Feifer, who spent two years at Lehman Brothers as director of investor relations assisting Lehman Brothers in Europe to fundraise, has joined Europe’s Orion Capital Managers in the London office. The news comes as it emerged that Gerald Parkes, the head of Lehman’s private equity real estate business in Europe, is leaving the company this month.
1 min read · 21 January 2013
A new complaint from the New York attorney general’s office details the allegedly corrupt economic bond between Aldus Equity’s Saul Meyer and political operative Hank Morris, whose relationship ultimately became strained to a point where both created vivid epithets for each other.
3 min read · 21 January 2013
Los Angeles-based firm Colony Capital is hoping to acquire a stake in struggling Central European property firm Orco, after the company started bankruptcy protection proceedings.
2 min read · 21 January 2013
John Herbert, a former managing director of Merrill Lynch’s European property and hotel group, has joined the Italian firm as senior advisor of its €300m fund of funds.
1 min read · 21 January 2013
Thomas DiNapoli, New York's comptroller in charge of the $122bn New York State Common Retirement Fund, seeks reimbursement of more than $5m in fees paid and other damages from the financial advisor Aldus. The Dallas-based firm is accused of taking part in a kick-back scandal involving the New York Common.
3 min read · 21 January 2013
The New York-based firm reported losses of $212m on its real estate investments in Q1 and warned more write-downs should be expected in 2009. It comes as Blackstone reported overall losses of $93m for the first three months of the year.
2 min read · 21 January 2013
