Jonathan Brasse
The $242 billion National Pension Service of Korea is planning to grow its alternative assets allocation to more than 10 percent of total assets in 2014. The allocation represents a meteoric rise on the 3.8 percent target allocation set in 2008.
An agreement on the adoption of the Alternative Investment Fund Managers directive has been postponed until September.
Infrastructure Development Finance Company, the India-focused infrastructure business, is to set up a real estate investment arm and has hired former SUN-Apollo managing director and chief executive officer, Chetan Davé to lead the platform.
A joint venture fund between Mumbai based investment firms IL&FS and Milestone Capital Advisors has purchased a 74% stake in 247Park, a large business park in “the upcoming business corridor” in the Vikhroli area of the city.
Australia’s A$68 billion sovereign wealth fund has increased its exposure to real estate over the last year. But will commingled fund managers benefit? PERE Magazine June 2010 issue.
The $200bn fund has completed its purchase of landmark building, the Sony Center, on Berlin’s famous Potsdamer Platz road, from Morgan Stanley Real Estate Investing.
The Tokyo-based real estate investment and asset management firm has created a private equity real estate fund targeting offices and other commercial properties in Japan on behalf of Korean investors.
A focus on alternative assets by Australia’s A$67bn Future Fund led to an increase in infrastructure exposure from 2.5% to 3.2% in the year to March 31 2010. The state wealth fund also increased its exposure to real estate investments.
Editor of PERENews, Jonathan Brasse, and PEI Media sales and marketing chief, Paul McLean, will be running the London Marathon this year on behalf of Downsed, a charity which provides educational support to young people affected by Downs Syndrome.
A note to all those seeking contact details for Chaucer Alternative Asset Management. Stop now. The firm does not exist.