The Financial Accounting Standards Board in the US will improve its guidance on fair value and its disclosure standards, following the Securities and Exchange Commission’s suggestion.
2 min read · 21 January 2013
Cerberus, HgCapital, Apollo and Gold Hill are among the GPs to see agreed commitments evaporate as the Pennsylvania Public School Employees' Retirement System retrenches.
2 min read · 21 January 2013
The real estate investment firm’s $70m Land Development Fund has entered into a 50/50 joint venture on a 47-acre plot of partially develop land.
1 min read · 21 January 2013
Johnathan Richard Perry, head of WP Carey’s international asset management group, was killed with his girlfriend as they travelled on the Q400 Bombardier plane that crashed into a house in New York state. 'He had a love for travel, for friendship and for helping others,' the firm said.
1 min read · 21 January 2013
Nation-wide job losses and increasing supply will hurt the office sector in 2009, according to Foresight Analytics. Some of the worst affected cities include Riverside-San Bernardino, in Southern California, and Charlotte, North Carolina.
2 min read · 21 January 2013
The Washington State Investment Board has made $350m in fresh commitments to private equity and real estate. It has also appointed its chief operator, Theresa Whitmarsh, as acting executive director while the pension looks to replace Joseph Dear, who will become CIO at CalPERS.
1 min read · 21 January 2013
The $171bn US pension has bolstered its real estate housing programme, which lost 35% in value over the first half of 2008, with the hire of James Lasher as senior portfolio manager.
1 min read · 21 January 2013
The publicly listed company is in discussions with its lenders and noteholders seeking relief from covenants on its debt. Allied has already seen one of its portfolio companies, real estate lender Ciena Capital, collapse into bankruptcy.
2 min read · 21 January 2013
PERE Forum: Asia 2009. Jonathan Brasse reports on the top ten issue that came out of the conference.
3 min read · 21 January 2013
Draft legislation in circulation on Capitol Hill envisions a 'National Infrastructure Reinvestment Corporation' that would spur $48bn of infrastructure investment by providing grants, loans and tax incentives to select projects sponsored by public, private and non-profit entities.
3 min read · 21 January 2013
