Asset Allocation – Page 137
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Room for manoeuvre
The National Pensions Reserve Fund was set up in 2001 with a view to part-financing the cost to the state of social welfare and public service pensions from 2025 onwards. Real estate was introduced in 2004. Ian Gleeson, the fund’s head of property, explains the rationale behind the decision, the ...
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Secondary cities, prime targets
To avoid the fierce competition for US real estate assets, foreign investors are looking outside the main cities. But these new opportunities present new risks, Stephanie Schwartz-Driver reports
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Moving up the curve
Chuck Leitner joined RREEF in 1988 and became a partner in the firm in 1996. Deutsche Bank acquired RREEF in 2002 and, in 2004, Leitner became the global head of real estate and infrastructure. Based in New York he restructured the real estate and infrastructure business which included consolidating ...
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Avoiding collateral damage
Favourable conditions have allowed CRE CDOs to develop rapidly. But will this continue, ask Jenny Story and Karen Trebach
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Europe's familiar tale?
Finally there are sufficient suitable assets for European CRE CDOs. But will Europe follow the US experience? Lynn Strongin Dodds investigates
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Scandals add insult to injury
Does institutional real estate investing have a future in Italy? Old habits die hard, as Christine Senior reports
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New year, new scope
Estonia is advanced by CEE standards in real estate investing but improvements are still needed. As Krystyna Krzyzak reports reforms due next year should give it an additional boost
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Greater than the sum of its parts?
Established to make indirect real estate investing more efficient, has the Danish Real Estate club met with expectations? Gail Moss investigates
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Retaining a competitive edge
Substantial new potential has been created in the UK property market by the arrival of the REIT, but government and market players still have work to do, Rosalind Rowe believes
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Solving the leverage riddle?
How much should real estate investors borrow? The answer is not as straightforward as one might think, as Nick Tyrrell discovers
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Shift into lower gear?
What impact does gearing have on a property portfolio and is there a case for restricting borrowing in the current climate? Greg Wright investigates
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Borrow and return
We continue our focus on gearing with a visit to three pension funds where we find broad acceptance and some enthusiasm tempered with a healthy dose of caution, as Rachel Fixsen reports
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The changing face of real estate
The new world order and ongoing pressure on resources may have important consequences for investors, Ljiljana Grubovic argues
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An open or closed case?
While demand for closed-ended funds has far outstripped that for open-ended funds in recent years, Kiran Patel believes there are merits in both
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Academy links theory with practice
The academic pensions research network Netspar and the Maastricht University Business School have developed an academy for professionals and decision-makers. Academic director Rob Bauer tells Leen Preesman why the scheme is unique
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Rewarding pension fund communication
New legislation will make it mandatory for Dutch pension funds to supply their members with up to date information about their progress and a new awards scheme should help them to sharpen up their communication skills, says Alfred Kool
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EU pensions market beckons
Full implementation of the European Pension Funds Directive will lead to an efficient internal market for affordable company pensions, and the Dutch pension system has a key part to play, says Frits Bolkestein, former European Commissioner
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Looking back at the changes
As it celebrates its 10th birthday, IPE takes the opportunity to assess developments in the pensions and investment world over the past decade by asking pension fund managers, administrators and trustees what they see as the significant developments, both positive and negative, over the period
