The giant US pension plan now wants to prevent consultants from holding dual roles of imparting advice to the board and making recommendations to CalPERS’ staff.
3 min read · 18 January 2013
Managing director Jay Alexander, once tipped as a future head of the investment manager’s entire real estate division, is to leave the firm.
1 min read · 18 January 2013
London-based Mountgrange has teamed up with partners at residential specialist Pluto Capital for a fund aiming to supply £50m of mezzanine loans to help finance residential developments in London and the South East of England. The firm said that the vehicle was the first of its kind in the residential sector.
3 min read · 18 January 2013
Year end results show the Canada Pension Plan’s real estate portfolio increased in value to C$10.9 billion and returned 13.9 percent in a year described by president and CEO David Denison as an ‘excellent performance year’.
2 min read · 18 January 2013
Former Prudential Real Estate Investors executive Robert Bilse has been appointed vice president of Brookfield’s private funds group, based in New York, supporting capital raising and marketing activities.
2 min read · 18 January 2013
The $236bn pension is planning to ban investment consultants from also acting as managers for the pension fund.
2 min read · 18 January 2013
The two advisory firms have combined to create a larger group focused on capital-raising services.
2 min read · 18 January 2013
The property developer has hired former Merrill Lynch managing director Duncan Taylor to build a fund management platform in Australia, where Lend Lease recently acquired Bilfinger Berger’s Australian business and has teamed up with a group of former Babcock & Brown pros to source deals.
3 min read · 18 January 2013
Brookfield's success with its Real Estate Turnaround Consortium has given the Toronto-based firm the confidence to target $4 billion for its new global opportunity fund.
3 min read · 18 January 2013
The Canada Pension Plan Investment Board continues investing large amounts of its equity into global real estate. This time it has picked up stakes in a portfolio of shopping centres in New England – its first ‘regional mall’ acquisition in the US – and a large shopping centre in Dusseldorf.
2 min read · 18 January 2013
