The $147bn pension has responded to the denominator effect by increasing the amount it is allowed to invest in private equity to 15% of total assets. CalSTRS has similarly bumped its real estate allocation.
3 min read · 22 January 2013
An open-ended property fund managed by UK insurance group Aviva has been forced to suspend dealings following rapid increases in redemptions. The UK fund manager's problems mirror those of German open-ended funds.
2 min read · 22 January 2013
The office markets of both cities were expected to see a short-term drop in rents, with London the harder hit of the two cities over the next two years, according to a report from CBRE Investors. Long term rental growth in both cities will be driven by supply.
2 min read · 22 January 2013
When Barack Obama is sworn into the White House in 2009, private equity firms can expect some changes, among them likely increases to capital gains and carried interest taxation. However, his election also could prompt a greater willingness by overseas investors to invest in the US.
2 min read · 22 January 2013
The UK private equity firm sold its stake in trucking company Transports Alloin to a Swiss logistics group that is looking to expand in France.
1 min read · 22 January 2013
Lehman Brothers and Starwood Capital are putting le Méridien Hotel on London's Piccadilly on the block. The hotel was bought as part of a package of properties in 2005. Le Meridien is expected to sell for around $140m.
1 min read · 22 January 2013
The Scottish government has given Donald Trump the green light on plans for an elaborate golfing, hotel and residential complex in Scotland. The development is set to break ground in 2009.
1 min read · 22 January 2013
Citing 'exceptional client demand' for its initial foray into infrastructure, the institutional asset manager may seek to raise a second fund in 2009.
2 min read · 22 January 2013
Towering equity 2008-11-01 Staff Writer When Colonel Robert McCormick announceWhen Colonel Robert McCormick announced in 1922 a competition to design the most “beautiful office building in the world,” in which to house the headquarters of the Tribune Company, architects from across the world scrambled to off
3 min read · 22 January 2013
$57bn raised to date 2008-11-01 Staff Writer Global fundsBlackstone Real Estate Partners VIThe Blackstone GroupNew YorkGlobal diversifedFinalN/A$900Apr-08Equity International Fund IVEquity International PropertiesChicagoGlobal diversifedFinalN/A$500Feb-08Lehman Brothers Real Estate Partners IIILehman Brother
3 min read · 22 January 2013
