Real Estate – Page 83
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News
Lehman nabs Rubenstein for new pensions group
UK – Lehman Brothers has hired Alan Rubenstein, head of Morgan Stanley’s European pensions group, to launch a new pensions group.
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News
€10bn German public scheme VBL streamlines
GERMANY – The Versorgungsanstalt des Bundes und der Länder, a €10bn pension fund for public sector employees, plans to streamline its operations to boost efficiency.
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Austrian funds returned 11.4% in 2005 - FVPK
AUSTRIA - Buoyed by strong equity markets, Austrian pension funds finished 2005 with an average return of 11.4% on assets, according to fund association FVPK.
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News
Ex-Siemens investment head joins Quandt venture (corrected)
GERMANY – Klaus Kirschenhofer, the former investment management head at Siemens, has been appointed managing director of a new asset management outfit for the billionaire Harald Quandt family (corrected).
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Danish schemes eye global real estate
REAL ESTATE - Investors including four major Danish pension funds have committed E310m in the first closing of the global real estate fund in Europe to invest in non-listed property funds. (This article first appeared on www.IPERealEstate.com.)
