Investec Property Investments has teamed with London wealth manager Credo to acquire a central London block. Investec's investment is being made via its GLL Special Opportunities Fund.
1 min read · 21 January 2013
US legislators want regulators to determine if certain structures encourage undue risk taking at finanical firms with more than $1bn in assets.
3 min read · 21 January 2013
The McLean, Virginia-based firm is immediately closing its Latin America fund and operations.
2 min read · 21 January 2013
The Dallas-based private equity and real estate investor is expected to garner up to $2bn in commitments by the end of August as part of its efforts to raise $20bn to target distress, according to Bloomberg.
1 min read · 21 January 2013
The pension's former real estate head, Michael Latimer, takes the CIO reins as OMERS prepares to manage third-party money as well as a multi-billion co-investment fund for institutional LPs.
2 min read · 21 January 2013
The Pension Benefit Guarantee Corporation (PBGC) has revoked lucrative private equity and real estate advisory contracts with BlackRock, Goldman Sachs and JPMorgan after concluding that the former head of the federal corporation may have acted inappropriately before and during the bidding process.
3 min read · 21 January 2013
Placement agents have formed a loose coalition in the US, as the SEC considers barring state pensions from interacting with them.
4 min read · 21 January 2013
The pension's former real estate head, Michael Latimer, takes the CIO reins as OMERS prepares to manage third-party money as well as a multi-billion co-investment fund for institutional LPs.
2 min read · 21 January 2013
After much publicity over its debt-load, the Colony Capital-backed casino operator has filed for bankruptcy protection to help it restructure its debt load. The filing relates only to the parent company and not the casino properties. Colony said the decision was not 'taken lightly'.
3 min read · 21 January 2013
More than $93bn worth of properties in the US are in default, foreclosure or bankruptcy. Research by Real Capital Analytics warns the equity in $1.3tn of property bought or refinanced between 2006 and 2008 is at risk – if it hasn't already been wiped out.
1 min read · 21 January 2013
