The pre-2008 trips – paid for by private equity and real estate GPs – related only to firms in which the US pension owned a management stake or on whose LP advisory boards it sat.
4 min read · 24 January 2013
The apparent public outrage over CalPERS staff travel makes one wonder: do California pensioners want their global assets managed by under-resourced homebodies? David Snow explores.
3 min read · 24 January 2013
The pre-2008 trips – paid for by private equity and real estate GPs – related only to firms in which the US pension owned a management stake or on whose LP advisory boards it sat.
4 min read · 24 January 2013
In only providing an emergency financial backstop for the housing market, the US government should bring in more private sector involvement with tougher underwriting, bigger down payments, greater disclosure and standardisation, according to a government-led debate on the issue.
3 min read · 24 January 2013
On both sides of the Atlantic regulatory barriers are making fundraising for ‘foreign’ firms more difficult and expensive. GPs in emerging markets could be left out in the cold.
2 min read · 24 January 2013
A pending state bill that would force placement agents to register as lobbyists would create two sets of registration, reporting and compliance policies.
3 min read · 24 January 2013
The US multifamily sector has been bolstered thanks to liquidity from the mortgage insurers Fannie and Freddie. Impending reform of the government agencies though could prove painful for apartment borrowers and the sector.
3 min read · 24 January 2013
Chairman of oil group Melrose Resources, Robert Adair, will face a hearing to determine damages for failing to honour his commitment to Advantage Capital’s buyout fund. The ruling could set a precedent for over whether GPs take action over LP defaults in the future.
2 min read · 24 January 2013
The Wall Street titan reported a slight dip in its alternative assets, which a spokesperson has clarified will be liquidated over the next 10 years as per normal operating procedures.
2 min read · 24 January 2013
A consortium comprising Colony Capital, Fertitta Gaming and some of the lenders to bankrupt Station Casinos, have won approval to regain ownership of the casino operator following federal bankruptcy proceedings.
2 min read · 24 January 2013
