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
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
Sarasin & Partners, the London-based investment management firm, part of Switzerland’s Bank Sarasin, is to launch an open-ended fund aimed at investing in the shares of sustainable energy-minded property companies
1 min read · 21 January 2013
The Swiss gatekeeper will manage the Korean sovereign wealth fund's nascent secondaries programme.
1 min read · 21 January 2013
The property company which Och Ziff is backing says it is in exclusive talks to buy a portfolio from receivers to a collapsed firm called Industrious.
1 min read · 21 January 2013
CapMan, the Helsinki-based alternatives fund manager has held a final closing for a hotel fund to invest in Finland and Sweden. The fund has already made an investment into 39 hotels and has two and half years to continue investing.
1 min read · 21 January 2013
The Association of Real Estate Funds (AREF), which represents UK unlisted vehicles, and the Property Industry Alliance (PIA), made up of various UK property associations, have fired off letters to the Treasury in London and the UK’s Financial Services Authority amid concerns about a European Union draft directive that has huge implications for private equity real estate funds operating in Europe.
3 min read · 21 January 2013
Activist investor Laxey Partners has assumed control of Italian light industrial property company Spazio Investment having taken its shareholding to 66.3%. Italy's Pirelli Real Estate, the external manager, is opposed to the takeover.
1 min read · 21 January 2013
Prudential Real Estate Investors chief Allen Smith said the firm would look to sell in ‘excess of $1bn’ of US properties this year to boost liquidity in its funds. The CEO added that there were ‘encouraging signs’ in the transactions market with some properties attracting high prices and some a high volume of bids.
2 min read · 21 January 2013
RREEF Spezial Invest, which manages five special global funds for institutional investors, has bought an office and a logistics centre in London and an office in Paris.
1 min read · 21 January 2013
