OMERS, the biggest pension fund manager in Canada’s Ontario province, reported a 7.2 percent net loss on real estate investments in 2023, swinging from a net return of 13.6 percent the prior year, as elevated interest rates took a toll… Read More>>
Canada’s CDPQ Restructuring Ivanhoe Cambridge, Otera Capital Real Estate Divisions
Canada’s second-largest pension fund is moving its real estate investment divisions in-house with the transition expected to save Caisse de dépôt et placement du Québec C$100 million ($74.3 million) annually.
CDPQ said on Thursday that it will shift its Ivanhoe Cambridge… Read More>>
Chris Ailman Stepping Down as CalSTRS CIO, Adding to Golden State Pension Vacancies
Chris Ailman plans to exit his longtime role as chief investment officer of the California State Teachers’ Retirement System, leaving a second CIO vacancy to fill at one of the Golden State’s massive pension funds.
Ailman is “ready to retire”… Read More>>
Texas Municipal Pension Fund Hires Away CalPERS’s Yup Kim to Be New CIO
A Texas retirement fund for city employees has given its top investment job to Yup Kim, who is leaving his role as head of private equity investments at CalPERS, America’s biggest state pension fund.
Kim is set to join the… Read More>>
Korea’s NPS Appoints Ahn Jun-sang as Head of Real Estate Investment
Korean pension giant National Pension Services (NPS) has appointed former Samsung Securities’ head of alternative investments Ahn Jun-sang to lead its real estate investment team in a rare hire of an outsider to a leadership role in its alternative investment… Read More>>
LaSalle China Logistics Fund Gets $80M Boost From Texas, Sacramento
LaSalle Investment Management has secured $80 million worth of fresh capital commitments from two US public institutions in support of the LaSalle China Logistics Venture fund.
The Texas Permanent School Fund, a sovereign wealth fund that provides education revenue in… Read More>>
APG Asset Management Hires Graeme Torre to Head Private Real Estate for Asia
APG Asset Management has hired Graeme Torre as Head of Private Real Estate, Asia Pacific, based in Hong Kong. Torre also now serves on the board of APG Investments Asia Limited and APG Asset Management’s global real estate management team,… Read More>>
New Law Could Open Door for More Chinese Investment in US Real Estate
Wealthy Chinese individuals are already the biggest buyers of US homes, and its insurers have bought up trophy assets like the Waldorf Astoria, but so far, some of the country’s biggest investors had found America’s property market blocked off by… Read More>>
Sam Zell’s Favorite China Logistics Developer Gets $144M Investment From PGGM
Logistics fund manager The Redwood Group this week announced an agreement with Dutch pension fund service provider PGGM that will pour $144M into the group’s warehouse development projects in China.
The investment by PGGM’s Private Real Estate Fund is the… Read More>>
CalPERS Looking Beyond A+ Assets for China Bargains
The second biggest pension fund in the US has $257 billion to invest and is looking for more deals in China. However, even a giant fund manager that has been investing in China for several years realises that good deals… Read More>>