The $234.2bn pension is mulling a possible change to its private equity allocation, as the twin forces of sinking assets under management and shrinking distributions have combined for an overweighted alternatives exposure.
3 min read · 22 January 2013
Following its massive investment in Macau casino and hotel operator Galaxy, the firm has hired a former Goldman banker in its recently established Hong Kong office to lead its efforts in Greater China.
2 min read · 22 January 2013
The Canadian pension bucks the loss-making trend among North American pension funds returning one percent on its investments in the three months to June this year. The pension’s real estate allocation now stands at 5.6%, or $7.2bn. Infrastructure makes up 2.6%, or $3.3bn, of its portfolio.
2 min read · 22 January 2013
The $2.7bn Fresno County Employees’ Retirement Association has increased its exposure to private equity and real estate while launching a new ‘real asset’ allocation, which includes infrastructure.
2 min read · 22 January 2013
The real estate investment arm of Prudential Financial is teaming up with investment and development company L&L Holdings to target office buildings in the New York City metro area. The firms argue ‘softening’ prices are generating unique opportunities.
2 min read · 22 January 2013
The $127bn pension fund saw its real estate investments return just 8.7% in the year to June 30, 2008 – against a benchmark of more than 10%. Despite its underperformance, real estate remained the strongest asset class for the pension during turbulent market conditions.
2 min read · 22 January 2013
The $2.7bn Fresno County Employees’ Retirement Association has increased its exposure to real estate and private equity while launching a new ‘real asset’ allocation, which includes infrastructure.
1 min read · 22 January 2013
The Belgian financial group will have $1bn in spending power for the Japanese office, retail and industrial markets.
1 min read · 22 January 2013
The oil and gas acquisition and operating company formed by Texas-based private equity firm, EnerVest, has inked four deals to purchase oil and gas properties across the US.
1 min read · 22 January 2013
The New York-based alternative investment firm has acquired the SFO Logistics Center in San Francisco with plans to add loading slips and build additional warehouses on adjacent land.
1 min read · 22 January 2013
