Real estate and private equity were among many poorly performing asset classes for the pension, which had an overall loss of almost $50bn.
1 min read · 21 January 2013
The real estate investment firm has paid $167.5m for a 49.9% interest in two Macerich malls in New Jersey and Arizona. GI Partners closed a similar deal last month, with plans to target other REITs in need of recapitalisation.
2 min read · 21 January 2013
Adam Applegarth, who was chief executive of Northern Rock when it was saved by the UK government last year, is reportedly taking up an advisory role at Apollo Management.
1 min read · 21 January 2013
Private real estate fund managers are attracted by capital raising opportunities on the public markets. However in launching REITs, GPs may be opening themselves to lawsuits if things go wrong. PERE magazine October 2009
3 min read · 21 January 2013
Pension Consulting Alliance managing director Judy Chambers said the interest shown by managers was ‘in line’ with the consulting firm’s expectations. The next steps in the process are up to the pensions who will be provided the information requested by the PCA.
1 min read · 21 January 2013
US pensions are looking to educate themselves about infrastructure asset managers – the best sign yet that they may yet follow Australian superannuation funds in fueling the growth of the asset class in a big way.
3 min read · 21 January 2013
The industry is preparing itself for the opportunity of a lifetime. But will the opportunity be as big as everyone believes? By Zoe Hughes
2 min read · 21 January 2013
The co-founder of Equity Group Investments said borrowers will extend loans as much as possible even if they have no chance of paying them off. It will be a “gigantic example of extend and pretend”.
1 min read · 21 January 2013
New York-based, environmentally friendly investment firm, Jonathan Rose Companies, seeks to invest in US cities it believes will best weather the current global economic storm.
1 min read · 21 January 2013
The firm’s founder, Tom Barrack, has reportedly signalled his intention to take the firm public, using its REIT debut vehicle, Colony Financial, as a stepping stone.
1 min read · 21 January 2013
