Benjamin Young, the former chief investment officer of RREEF’s opportunity funds, has joined Strategic Value Partners as global head of real estate. SVP has also hired Georg Strassner, formerly with Morgan Stanley subsidiary Argoneo.
2 min read · 24 January 2013
Joyce Shapiro has joined the New York-based real estate team from Brookfield Asset Management to lead its expansion into real asset fund of funds, targeting infrastructure, energy, water, agriculture and timber.
1 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
Former US Treasury Secretary Henry Paulson does not support the Volcker rule, nor does he believe it would have saved any failed banks during the financial crisis.
2 min read · 24 January 2013
Townsend this week threw down the gauntlet to fund of funds managers by hiring ex-ING multi-manager head Nick Cooper, raising concerns among fund of funds managers about losing business.
3 min read · 24 January 2013
Jeff Giller and Brendan MacDonald have formed the San Francisco-based firm with the backing of Goldman Sachs’ private equity group. It will focus on fund, asset and investor recapitalisations.
2 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
Ping An Insurance has received regulatory approval to purchase TPG’s 17% stake in Shenzhen Development Bank. The acquisition will be paid in Ping An shares and looks set to make TPG at least an 8x return on its initial investment.
2 min read · 24 January 2013
Mount Kellett Capital Management, the global private equity firm started by Mark “Goldfinger” McGoldrick in 2008 has hired real estate executive James MacNamara in London.
2 min read · 24 January 2013
