Real Estate – Page 3
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Features
Reluctance to drop interest rates disappoints the markets
US rates markets entered the year enthusiastically pricing in over 160 basis points of cuts through 2024, and have since had to push back hard on both the timing and magnitude of interest rate cuts now expected by year-end.
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News
Partners Group adds private markets royalties to investment platform
The firm is launching the industry’s first dedicated, scalable multi-sector royalty strategy
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News
Pension funds look to sell real estate investments
Investment-grade bonds and private credit are the most popular asset classes, according to a GSAM pension fund survey
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News
Swiss Bayer Pensionskasse realigns investment strategy
Allocations to bonds increase, while exposure to mortgages and real estate decrease
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News
Alecta loses new chair, but denies conflict of interest was problem
Carina Åkerström quit after newspaper reports on potential conflict of interest with Handelsbanken
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Opinion Pieces
Under the spotlight: US pension plans and their use of leverage
Does US public pension funds’ use of borrowed money and derivatives pose systemic risks to global financial markets? That is the concern of global regulators, which have recently stepped up scrutiny of the practice, according to a recent article in the Financial Times (FT). But senior executives interviewed by IPE seem less worried.
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News
Alecta writes off €1bn of its Heimstaden Bostad investment
CEO of troubled Swedish pensions giant says ‘fully aware it will take time and hard work to regain customers’ trust’
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News
Keva leads Finland’s pension majors on 2023 returns with 6.8%
Listed equities shine for pension funds, including Varma, Ilmarinen and others despite last year’s ‘feeble’ Finnish equities
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News
Norway’s SWF returns 16% in 2023, but underperforms index
GPFG’s unlisted real estate suffers 12.4% loss, as property management drags overall relative return into negative territory
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News
Demand for natural capital managers outpaced real estate in 2023
Report by bfinance found that more than 50 asset managers now provide natural capital strategies
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News
Austrian provident funds increase allocation to bonds, equities
FMA’s report also showed that the pension schemes reduced their allocation to real estate
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Book Review
Book review: The Financial Markets of Ancient Egypt – Risk and Return
“If men could learn from history, what lessons it might teach us. But passion and party blind our eyes.”
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News
Inarcassa to up private markets allocation with private debt investments
The scheme has conducted a new round of investments in 13 new vehicles for total commitments of over €240m
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News
German doctors’ scheme spots investment opportunities in energy infrastructure
‘We currently have more investment opportunities than available cash,’ says ÄVWL CEO Christian Mosel
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News
Sweden’s FSA reports individuals to police for corruption in Alecta/Heimstaden case
Alecta says own lawyers’ investigation into circumstances around the making off Heimstaden Bostad investment indicated violations of the law
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News
KLP posts Q3 loss after NOK6bn property write-down
Norwegian pensions major says competitive situation stable, despite losing two municipal clients
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News
Monte dei Paschi scheme starts manager selection for private markets investment
The pension fund will invest €135m in infrastructure, real estate and private debt AIFs
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News
NBIM’s active management limits SWF’s portfolio-wide Q3 loss
Value of Norwegian GPFG falls back on negative investment returns and falling krone
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News
Alecta’s investment scandal claims another scalp as chair Ingrid Bonde quits
Bonde says she decided to resign because of ‘too much focus on me personally’
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News
SOKA-BAU ploughs through strategic allocation targets
The scheme expects AUM growing to invest fresh money in all asset classes