Real Estate – Page 95
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News
Germany freezes state pension for 20m people
GERMANY - The German government has approved an ordinance that, for the second consecutive year, bars an increase in the state pension drawn by around 20 million people in Germany.
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News
SSGA’s assets under management rise 11%
GLOBAL – Assets under management at State Street Global Advisors, the asset management arm of State Street Corp, have risen 11%.
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European real estate body INREV names CEO
EUROPE - INREV, the European Association for Investors in Non-listed Real Estate Vehicles, has appointed a new chief executive.
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Austria’s NÖVK scheme taps GES for SRI
AUSTRIA - Niederösterreichische Vorsorgekasse, a two-year-old Austrian pension fund serving 100,000 employees, has hired GES Investment Services for socially responsible investment consulting.
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News
Fortis hires MN’s Coenraads for Dutch real estate
NETHERLANDS - Fortis Investments has hired MN Services’ Bart Coenraads as chief investment officer for Dutch real estate.
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News
CSFB real estate’s Gallatly joins MLIM
UK - John Gellatly, a director in CSFB’s real estate investment banking team, is to join Merrill Lynch Investment Management as head of indirect real estate investment and strategy.
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Swiss schemes ‘invest more in alternatives’
SWITZERLAND – Swiss institutional investors have invested more in alternative asset classes and real estate in 2004 - but their asset allocation “remains prudent” a survey sponsored by Credit Suisse Asset Management suggests.
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News
ABP to formulate FTK transition policy
NETHERLANDS - Stichting Pensioenfonds ABP, the €168bn scheme for Dutch civil servants, is to formulate a “transitional policy” to deal with the new FTK rules.
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News
CSAM sets up tax-efficient vehicles for schemes
SWITZERLAND - Credit Suisse Asset Management has launched two new tax-efficient investment vehicles for US equities which are exclusively aimed at Swiss pension funds.
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Features
Real estate has proven its worth
It is that time of year again. Numbers have been crunched, figures analysed, reports prepared. Trustees have received information on the year just gone and for most it has not been too bad. In the UK and US, equities outperformed bonds. Okay, in much of continental Europe this was not ...
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News
Gloucestershire scheme in €65m property move
UK – The £640m Gloucestershire County Council Pension Scheme has put its entire £45m (€65m) property exposure into the Hermes Property Unit Trust, or HPUT.
