The SEC today accused billionaire Allen Stanford, who runs Stanford Financial Group, of fraudulently selling $8bn worth of certificates of deposit, claiming that these securities were backed by liquid assets when in fact they were highly exposed to private equity and real estate.
2 min read · 21 January 2013
US distressed investor Oaktree Capital Management is reportedly interested in rescuing the UK’s largest estate agency from the brink of collapse. Apollo acquired the firm at the height of the UK housing bubble for £1bn.
2 min read · 21 January 2013
The Canadian Pension Plan fell in value by C$13.8 billion to C$108.9 billion in 2008 as investment returns shrank. However according to the plan’s latest figures, its inflation-linked assets continued to grow in value.
1 min read · 21 January 2013
The Greenwich, Connecticut firm says 15 investors signed commitments for the vehicle which is targeting debt and equity deals in listed and unlisted real estate operating companies.
1 min read · 21 January 2013
The quoted investment manager suffered a net loss for the first time in its history, due largely to hedge fund positions. Its private equity portfolio is 'in better shape' than many competitors, chief executive Nemir Kirdar has said.
2 min read · 21 January 2013
MGPA, the European and Asian private equity real estate firm, is creating value in Paris by pre-letting a development scheme to one of the country’s leading corporations.
1 min read · 21 January 2013
The three US firms are reportedly up against Development Bank of Japan and an investment arm of Daiwa Securities, in the $1.1 billion auction for troubled J-REIT, New City Residence.
1 min read · 21 January 2013
The US private equity firm is having to discuss its predicament with bondholders of a securitised loan backed by an office in London that Carlyle acquired in 2006.
1 min read · 21 January 2013
The private equity veteran will not apply the standard ‘2-and-20’ fee structure on its infrastructure fund, which is targeting $4bn.
2 min read · 21 January 2013
David Edwards, head of research for LaSalle Investment Management in Asia, is to take charge of the firm’s open-ended Asia Property Fund. Kenneth Tsang takes over Edwards’ former role.
1 min read · 21 January 2013
