Despite still reporting a negative 10.8% return for the second quarter, the $221bn pension said its real estate performance had done much better than expected with intial estimates predicting a devastating -37.1% return.
2 min read · 24 January 2013
Asset sales continue as loss-making US insurance giant AIG prepares to offload its Asia private equity real estate business to sole remaining bidder, Invesco Real Estate.
3 min read · 24 January 2013
Following an internal audit this summer, Kentucky Retirement Systems is facing a review by Kentucky’s state auditor over its use of placement agents.
2 min read · 24 January 2013
As ratings agencies become liable for the ratings attached to CMBS, the founder of Ranieri Real Estate Partners says the real estate industry cannot ‘turn back the clock’ towards balance sheet funding.
2 min read · 24 January 2013
Partners Capital, the private investment office for private equity professionals, is opening an office in Hong Kong.
3 min read · 24 January 2013
Though it could potentially allow LPs access to China’s domestic private equity industry, LPs want to see the final details before celebrating.
4 min read · 24 January 2013
The private equity community breathed a sigh of relief as the European Parliament passed language allowing for the much debated passport rules to be included in the AIFM directive. However, some key challenges remain, writes Jenna Gottlieb.
2 min read · 24 January 2013
As real estate funds eye the Latin American country for opportunities, the heads of the non-profit ADIT group say increasing numbers are looking to private, mid-market partners for deals compared to take-public transactions.
2 min read · 24 January 2013
Australia’s A$69bn Future Fund has continued to grow its real estate exposure, reporting increased assets of 1.2 percent to A$3.4 billion from the six months to 30 September. According to the fund’s annual report released today further increases to real estate and other “tangibles” are planned.
2 min read · 24 January 2013
In a further sign that investors are taking flight from once-popular open-ended vehicles, Morgan Stanley decides to close down its fund two years after halting redemptions.
2 min read · 24 January 2013
