The Australian sovereign wealth fund continues to increase its exposure to real estate, private equity and infrastructure, according to its Q1 2011 portfolio update. Future Fund’s real estate holdings increased by A$632 million in the last three months.
2 min read · 18 January 2013
The Houston developer and the Ballymore Group have agreed to jointly develop Phase 4 of the Snowhill project in Birmingham.
2 min read · 18 January 2013
Fir Tree Partners, a New York private investment firm with a 4.3% stake in ProLogis European Properties, says ProLogis’ takeover approach undervalues the company, and cites concern about conflict of interests.
4 min read · 18 January 2013
The $300 billion Exchange Fund managed by the Hong Kong Monetary Authority last year made its first investments into real estate, according to its latest annual report. The fund has reportedly also been used to invest in private equity.
2 min read · 18 January 2013
Bruce Feldman will leave his post as director of alternatives at the $25.5bn pension on 17 June.
1 min read · 18 January 2013
The New York-based firm has made three hires for its investment team, one each for the Americas, Europe and Asia.
1 min read · 18 January 2013
PERE has learned that the Abu Dhabi Investment Authority has invested a majority of the equity behind AMB’s $588 million joint venture in China.
2 min read · 18 January 2013
Now that the US Congress has avoided a government shutdown by passing a 2011 budget, attention shifts to the 2012 budget. A carried interest tax hike could be likely to help pay for other spending cuts.
2 min read · 18 January 2013
A reworking of the country’s domestic tax system could lead to a 30 percent tax on carried interest. Shefali Goradia, partner at Indian tax advisory firm BMR Advisors speak about the risks facing foreign investors, local managers and Mauritius-domiciled funds.
3 min read · 18 January 2013
A bill passed by New York’s State Assembly has expanded NYC’s rent regulations governing what landlords can charge and when they can convert apartments to market rates, but it faces increasing opposition in the State Senate.
2 min read · 18 January 2013
