The Canadian pension fund lost 25% of its value last year leaving it with just C$120bn in assets compared to C$155bn in 2007. Private equity and real estate investments lost 31% and 22% respectively, with Caisse warning its Lone Star investments had performed poorly.
2 min read · 21 January 2013
The state’s comptroller, Thomas DiNapoli, has banned the use of placement agents in investments with the $122bn pension, and has launched a review of pension investments with firms involved in the New York Common kick-back scandal.
3 min read · 21 January 2013
Investment Management Group, the Russia-focused company co-founded by Maksim Kunin who took Morgan Stanley into Russia for the first time, has struck a deal to take a stake in Moscow-based Kvartsroy.
1 min read · 21 January 2013
In the latest in a series of changes to senior personnel, the Denver-based logistics company has appointed a new head of global investment management and a president for Europe.
1 min read · 21 January 2013
The Abu Dhabi Investment Company, whose real estate arm focuses on mixed-use developments in the MENA region, believes there is a 'window of opportunity' amid declining values.
1 min read · 21 January 2013
William Thompson, New York City’s comptroller who controls the city's five combined pensions, has called a meeting of trustees of the five pensions to consider the ban. Thompson has also asked New York’s attorney general to investigate Quadrangle, to which the city committed $125m in 2005 and 2006.
1 min read · 21 January 2013
The New York Common scandal will tar the reputation of placement agents unless market participants disseminate and enforce a clear distinction between valuable fundraising services and sleazy influence peddling, writes David Snow.
3 min read · 21 January 2013
Royal Bank of Scotland is financing the acquisition of the Royals Shopping Centre in Southend and the Meadows Retail Park in Chelmsford, both in the South East of England. The facility was set up last November.
1 min read · 21 January 2013
The Tellesma Sustainable Real Estate Opportunity vehicle is still on the fundraising trail despite a Middle Eastern investor reportedly pulling out.
1 min read · 21 January 2013
LaSalle Investment Management has poached Chris Martin from Australian property Group GPT to become head of asset management.
1 min read · 21 January 2013
