Amid the turmoil of its parent company, AIG's investment arm continues its Asian expansion with the hiring of Michael Chae. The fate of the firm’s substantial private equity and real estate businesses remains uncertain.
2 min read · 22 January 2013
Richard Klapow has left Macquarie Capital’s advisory arm in New York to join Alinda Capital Partners as a managing director, marking the third recent senior executive departure at Macquarie.
2 min read · 22 January 2013
The US alternative asset manager, which has been active in Spain recently, has agreed a joint venture to develop a retail warehouse in Malaga, southern Spain.
1 min read · 22 January 2013
The US firm and its newly installed president, Michael Pralle, has appointed the former head of asset management at Merrill Lynch for its European operation as well as a vice president of risk management in Latin America from GE Capital.
1 min read · 22 January 2013
The troubled Australian mall owner has confirmed a $714m agreement to sell 29 of its 30 assets to a private real estate investor has collapsed. The company says the investor ‘elected to terminate the agreement’ but insisted talks were continuing.
2 min read · 22 January 2013
As part of a frantic weekend on Wall Street, Bank of America has agreed to acquire Merrill Lynch, including its investment management business. A spokesman said it was ‘too early’ to tell whether the deal would include Merrill’s private equity portfolio, or whether it would spin out as an independent firm.
3 min read · 22 January 2013
The US-based infrastructure fund has also completed its first deal, with the purchase of a $363m stake in Florida-based Global Tower Partners from another Macquarie-managed infrastructure fund.
2 min read · 22 January 2013
Lehman Brothers has filed for Chapter 11 bankruptcy protection after failing to find a buyer over the weekend. The failed bank says it is in advanced discussions with a 'number' of potential buyers for its investment management unit, which includes Lehman Brothers Real Estate.
2 min read · 22 January 2013
The Boston-based firm has paid $52m for 13 industrial properties in the Golden State. The deal follows on its $118m multifamily deal in Orlando, Florida.
1 min read · 22 January 2013
As the US insurance giant struggles to raise capital, the fate of the firm’s substantial private equity business remains uncertain. AIG Investments has not been placed for sale as part of its parent’s capital raising measures.
4 min read · 22 January 2013
