Draft legislation, which would require all private equity, private equity real estate and hedge fund managers with more than $150m in assets to register with the SEC, must now face a test in the Senate.
2 min read · 21 January 2013
Scott Lawlor, founder of the troubled private equity real estate platform, will roll out a residential strategy ‘imminently’. But he insists to the New York Times Broadway’s problems were bad timing and the severity of the crash – not leverage.
3 min read · 21 January 2013
Mansco Perry, the chief investment officer of the Maryland State Retirement Agency, says the pension system views real estate as a long-term asset class, still wants real estate fund managers … but wants fees to come down. By Robin Marriott
3 min read · 21 January 2013
After hearing evidence from industry witnesses about “protectionist” elements of proposed EU regulations, the UK’s House of Lords has written to the Financial Services Secretary about the threat to the EU’s global competitiveness.
3 min read · 21 January 2013
If carried interest is taxed as ordinary income in the US, American GPs will face much higher tax rates than some of their European peers.
2 min read · 21 January 2013
With losses of 30% in the third quarter alone, the Californian pension fund said it was terminating a number of managers which had failed to perform. CalPERS is though eyeing 2010 as an ‘excellent time’ to invest.
2 min read · 21 January 2013
Shares in Dubai-based Emaar Properties surged by nearly 15 percent, their highest rise in more than a year, on the news that it has blocked its proposed merger with real estate companies controlled by conglomerate Dubai Holdings.
2 min read · 21 January 2013
The bill now goes before the US Senate, and if approved will likely be signed into law by President Obama.
2 min read · 21 January 2013
A bill sent today to the US Senate would impose a 30% withholding tax on US income for foreign fund managers who fail to agree to new transparency requirements.
2 min read · 21 January 2013
Blake Hutcheson will become CEO of Oxford Properties Group, the C$12bn real estate arm of the Ontario Municipal Employees Retirement System, in February. Hutcheson joins the pension directly from 18-month spell at private equity firm Mount Kellett.
3 min read · 21 January 2013
