The Ohio Public Employees Retirement System has hired former director of investments for the New Hampshire Retirement System, Richard Shafer, as deputy director of investments for external management. His role involves executing the pension fund’s private equity and real estate strategies.
1 min read · 21 January 2013
The global buyout firm has agreed to the terms laid out by the brewery’s parent InBev, which include its right – but not obligation – to reacquire the brewery within five years on ‘pre-determined financial terms’.
2 min read · 21 January 2013
Principals from Carlyle, Macquarie, RREEF and Industry Funds Management gathered today cautioned that market will not develop across America’s ‘fifty little countries’ without strong leadership from the government in creating incentives for private investment in infrastructure.
2 min read · 21 January 2013
Europe’s banking sector gets shaken up even more as Commerzbank agrees to sell off its commercial real estate and public finance bank, Eurohypo, within five years.
1 min read · 21 January 2013
Thomas DiNapoli, New York's comptroller in charge of the $122bn New York State Common Retirement Fund, seeks reimbursement of more than $5m in fees paid and other damages from the financial advisor Aldus. The Dallas-based firm is accused of taking part in a kick-back scandal involving the New York Common.
3 min read · 21 January 2013
The $20bn Connecticut state pension is the latest in a list of US pensions that have ended their relationship with Aldus Equity after the Dallas firm’s founder, Saul Meyer, was indicted for allegedly taking part in a kick-back scheme. Aldus’ lawyer yesterday rebuked the SEC as being ‘careless’ for naming the firm in a related complaint.
4 min read · 21 January 2013
An uptick in real estate investment activity by SWFs in 2008 may indicate a long-term investment trend, including helping to fill the debt financing void, according to a Deloitte report.
2 min read · 21 January 2013
The Cayman Islands-based firm has launched a residential housing fund, with hopes of closing the vehicle by the end of the year. Half the fund is expected to invest in Peru and Colombia. The firm's last fund closed on $42m last year.
2 min read · 21 January 2013
Merrill Lynch puts plans for its second Asian real estate opportunity fund on ice as it awaits direction from the bank’s new owners, the Bank of America.
1 min read · 21 January 2013
American International Group is close to selling its $1 billion Japanese headquarters as it looks to reduce its debt position. In a report by the Wall Street Journal, the embattled insurer has attracted at least two bidders for the 15-story building.
1 min read · 21 January 2013
