David Gilbert, the new CIO of ING Clarion Partners, has questioned the traditional opportunistic fund target of 20% arguing in a low interest rate environment mid-teen returns should be acceptable.
2 min read · 24 January 2013
The New York-based firm will manage more than $2bn of equity positions, after LPs in Bank of America Merrill Lynch’s ill-fated Asian Real Estate Opportunities Fund agreed a $650m settlement following non-fiduciary actions by the bank.
2 min read · 24 January 2013
Henry Morris will pay $19m and accept a permanent ban from the securities industry in New York State as part of his guilty plea in New York’s pay-to-play pension investigation.
2 min read · 24 January 2013
Jennifer McHugh will act as the agency's lead regulator for the $39trn asset management industry following Andrew Donohue's departure earlier this month.
2 min read · 24 January 2013
The Los Angeles-based property services firm has hired Nick Harvey-Jones and Charles Favard as directors in its equity placement team in London.
1 min read · 24 January 2013
Citibank is to become MGPA’s anchor tenant at its mammoth Marina Bay development. The investment bank is to take 250,000 sq ft on a 10-year lease at the development’s Asia Square Tower 1 development.
2 min read · 24 January 2013
Investors targeting infrastructure funds are increasingly in favour of differentiating fees according to investment strategies, closed-end funds rather than open funds, and creating separate infrastructure allocations. These are among the findings of a new survey from placement agent Probitas Partners.
2 min read · 24 January 2013
Aberdeen Asset Management gains from the continued exodus at ING Real Estate Investment Management’s fund of funds business.
2 min read · 24 January 2013
Ohio Fire and Police commits to the $500m Savanna Real Estate Fund II as it targets office properties in NYC, DC and Boston areas. The firm recently closed on two distressed note sales in NYC, including 104 W. 40th St.
2 min read · 24 January 2013
The Chicago-based fund of funds has hired Michael Clarke as head of its European real estate operations, following 18 years at Schroders.
1 min read · 24 January 2013
