Interim president and chief executive of the Canadian pension manager, Richard Guay, will officially assume the positions he stepped into last May in addition to his responsibilities as chief investment officer.
The pre-emptive offer has been made following three previous attempts to initiate takeover negotiations of Teranet, a publicly listed e-service company with a monopoly on the Ontario Electronic Land Registration System.
Frank Khoo has joined French insurer Axa as the firm bids to become a major player in Asian real estate. Khoo, formerly with Pacific Star Fund Management, will be based in Axa's new Singaporean office.
The US firm is targeting $100m for its first Asian fund. Unlike other fund managers with grand expansion plans for Asia, Riverside is staying away from India and China.
Robert Kelly is tasked with overseeing real estate investments for the private equity real estate firm’s Perseus Capital City Fund, as well as its latest $200m vehicle, Perseus Realty Partners II.
Indian housing lender HDFC will function as an ‘asset reconstruction fund’ targeting developers facing a tougher real estate market. Along with its asset management unit, HDFC will acquire distressed real estate projects in the country.
A blank cheque company sponsored by a Japanese consortium has agreed to acquire Senoko Power from the sovereign wealth fund.
Australia’s Anchorage Capital Partners has acquired Hans Continental Smallgoods – the first investment from its maiden A$200m fund, which has held a first close on A$100m, and its second in the food sector.
A study conducted by a London-based private equity investment club found that more than two years after the UK government cleared the way to let self-invested personal pension schemes invest in private equity, 21 percent of scheme providers still restrict their investors from participating in the asset class.
Investors should look beyond ‘volatile’ short-term concerns in Europe and focus on longer-term issues such as economic growth, liquidity and risk-adjusted performance, according to a report by UK real estate fund manager, Invista. Germany, it said, was one of the most attractive locations.