More Top Stories – Page 1021
-
News
Sustainability catches eye of pension funds
UNITED STATES - The Bond Companies has pending investments from two pension funds for its sustainability fund as the Los Angeles Department of Water and Power Pension Fund and the Teacher Retirement System for the State of Illinois have both allocated $20m (€15.3m).
-
News
Diversity widened performance of non-listed funds
EUROPE - Differences in geography and leverage levels, as well as currency movements, meant European non-listed real estate funds experienced a wide range of performance levels in 2008, according to International Property Databank (IPD).
-
News
Wisconsin extends commitments
UNITED STATES - Wisconsin State Investment Board has made two follow-on commitments to commingled funds, in a bid to preserve capital during the market downturn.
-
News
UK seeks pension fund investment in housing
UK - Plans to encourage pension funds to invest in private rented housing have been announced by the UK government’s Housing and Communities Agency (HCA).
-
News
APG makes sustainability call to pension funds
EUROPE - APG Investments, asset manager for the ABP pension fund, is planning to launch a global real estate sustainability survey with the University of Maastricht.
-
News
Illinois State Universities to build infrastructure
UNITED STATES – The State Universities Retirement System of Illinois has issued its first Request for Proposal (RFP) for infrastructure managers.
-
News
INREV uncovers worries over LTV covenants
EUROPE – Many institutional investors are concerned that their non-listed real estate funds may breach loan-to-value (LTV) covenants, but they are often reluctant to inject fresh equity into vehicles, according to an INREV survey.
-
News
Texas School Fund allocates to real estate
UNITED STATES - The Texas Permanent School Fund has established a 6% targeted allocation to real estate, making this its foray into the asset class.
-
News
INREV index reinforces economic downturn
EUROPE - The INREV index returned -26.8% in 2008, down from -2.7% in 2007, as European non-listed real estate funds continued to feel the effects of the global financial crisis.
-
News
Tesco pension gets £500m property as every little helps £1bn deficit
UK – Tesco has revealed its pension deficit increased to £1.1bn (€1.2bn) by the end of February 2009, so the firm has pledged £500m of property to the scheme as contingent assets in a bid to improve its financial security.
-
News
EC to regulate alternatives managers worth over €250m
EUROPE - Managers of hedge funds, private equity and real estate funds would escape regulation under a proposed European Commission directive targeting alternative investment fund managers, if their assets under management total less than €250m.
-
News
Listed stocks could be a market turn indicator – study
GLOBAL - Listed real estate stocks tend to lead the underlying property markets by six months and can therefore be used as a leading indicator to enhance real estate investors’ returns, according to a study by Cohen & Steers.
-
News
Texas Teachers to invest $475m in LLPs
UNITED STATES - Teacher Retirement System of Texas is in the process of setting up two limited partnership funds with assets of $475m (€358.1m) which could make it the only pension fund investor.
-
News
Western Europe favoured in real estate trading
EUROPE - Investment activity in European commercial real estate was down significantly in the first quarter of 2009, especially in central and eastern Europe (CEE), although the retail sector saw stronger transaction volumes, according to property agencies.
-
News
JER loses another key player
GLOBAL - Michael Pralle has resigned as chief operating officer at real estate opportunity fund manager JER Partners after joining 18 months ago.
-
News
Maine adds to infrastructure portfolio
UNITED STATES - Maine Public Employees Retirement System is now moving ahead with plans to hold up to 5% of its assets infrastructure, and has made a further investment which could eventually lead the fund to invest up to $400m (€301.8m) in the asset class.
-
News
ING REIM loses its head
GLOBAL - Robert Houston is stepping down as chief executive of ING Real Estate Investment Management in the summer.
-
News
Pension funds advised to look to real estate
UK – UK pension funds seeking inflation-hedging investments should look to their domestic real estate market in the current economic uncertainty, according to Legal & General Property (LGP).
-
News
AP3 completes venture into public real estate
SWEDEN – Tredje AP-fonden (AP3), the Third Swedish National Pension Fund, has completed the purchase of a 50% stake in Hemsö a subsidiary of the real estate firm Kungsleden AB.
-
News
LA Fire and Police burns Adelante deal
UNITED STATES - Los Angeles Fire and Police Pensions has ended its relationship with Adelante Capital Management as a REIT manager after the firm massively underperformed its benchmark.
