AiM-listed Speymill Macau Property Company this week replaced five board members following an EGM called by one of its major shareholders. Shares in the firm rose by 6.5% on the news.
1 min read · 21 January 2013
The Connecticut-based placement agent has promoted David Love and Franklyn Chang to lead its efforts in Asia Pacific and Europe, respectively. It has also promoted four other professionals across its Asia and US offices.
2 min read · 21 January 2013
Mark Neporent and two former directors at Tokyo-based Kokusai Kogyo, a Cerberus joint venture, are alleged to have ‘violated their fiduciary duties’. The court action being taken by Kokusai Kogyo Holdings, which co-owns the transportation and property company, has reportedly been characterised by Cerberus as a means to pressure the private equity firm into selling them its stake.
2 min read · 21 January 2013
The Boston-based real estate firm expects to formally close the vehicle at the end of the year close to $250m, targeting office, medical office and light industrial in metropolitan areas in the East US.
1 min read · 21 January 2013
The former Trammell Crow veteran will led day-to-day management of the private equity real estate group, reporting to CEO Vance Maddocks.
1 min read · 21 January 2013
Registration as an investment advisor: your clients will demand it; Congress may soon require it. Here's what you should be doing now. By Robert Rabinowitz of Becker & Poliakoff
7 min read · 21 January 2013
Chinese government-backed private equity firm Fortman has reportedly appointed Arthur Zhu as its CEO. Zhu was earlier expected to set up his own private equity firm.
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
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
