Archive for Pensions & Investments
Florida to put up to $6 billion in alternatives
Managers will be recommended to the $155.3 billion board by strategic investment consultant Cambridge Associates, private equity consultant Hamilton Lane, infrastructure consultant Mercer and real estate consultant Townsend Group. …
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The importance of asset class specialization
I will assume we are including at least private equity, real estate, commodities, other real assets, venture capital, specialty fixed income and hedge funds. With a definition in mind, lets discuss the benefits of a sales professional being a …
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New Mexico council adds real return, ups core real estate
By Arleen Jacobius New Mexico State Investment Council, Santa Fe, added a new 10% real return allocation and doubled its allocation to core real estate to 10% as part of a new target asset allocation adopted Tuesday, said Charles Wollmann, …
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GE Capital slowly moving back into lending waters
By Arleen Jacobius Investors in less-than-perfect properties are noticing that GE Capital, an important lender that was largely absent from real estate lending in the past couple of years, is slowly moving back into market. “We are now sticking our toe …
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Virginia city issues call for core real estate manager
City Retirement System is searching for a core real estate manager to run $5 million, according to an RFP on the website of Dahab Associates, consultant to the $85 million system. The RFP is available at www.dahab.com/searches.html. …
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Zillow shares surge on first day of trading
By Bloomberg Zillow, an online real estate information service, surged in its trading debut after selling shares above an increased price range in its initial public offering. The company’s stock, trading on the Nasdaq Stock Market under the symbol Z, …
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Pearlmark Real Estate is new name for Transwestern
By Rob Kozlowski Pearlmark Real Estate Partners was announced on Tuesday as the new name for Transwestern Investment, confirmed Stephen R. Quazzo, CEO and managing principal. The change reflects a management-led buyout from its parent, Transwestern, …
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All Equity REITs index gains 2.9% in Q2
By Rob Kozlowski The FTSE NAREIT All Equity REIT index returned 2.9% in the second quarter, up from -4.06% a year ago, according to a report from the National Association of Real Estate Investment Trusts. In the first quarter, the index returned 7.5%, …
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AXA, Norway’s SWF in $1 billion real estate deal
By Bloomberg Norway’s Government Pension Fund Global, Oslo, agreed to buy 50% in seven properties in Paris for $1 billion from AXA as part of its plan to add at least $25 billion in real estate assets to boost returns. The 3.1 trillion Norwegian kroner …
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Prudential Real Estate Investors picks principal
By Robert Steyer David Skinner was named a principal at Prudential Real Estate Investors, where he will lead investment-product strategy for defined contribution plans, including direct real estate and real estate securities, a spokesman confirmed. …
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