Public-private partnerships can produce ‘miracles’ in a state that needs more than $500bn in infrastructure investments, California’s celebrity governor said at the Milken Institute’s conference.
Fred Buenrostro has confirmed he will end his six-year reign at the US' largest public pension, which is also losing its CIO, Russell Read.
The challenges of running sophisticated alternative investment platforms beneath government umbrellas – from retaining talent to enduring criticism over private equity allocations – were among topics broached today by a panel of heavy-hitting LPs.
The outlook for the US commercial real estate market is generally sound despite the credit crisis, according to a report by real estate management firm, ING Clarion. However ING warns the office sector will be hit over the next two years before recovering strongly in 2010-2011.
The real estate investment and development firm plans large-scale expansion of its Brazilian logistics activities over the next three years as part of a joint venture with CalPERS.
The firm’s global regulatory affairs head, David Marchick, warned a Senate committee today against unnecessary investment protectionism, using Carlyle’s stake sales to CalPERS and Abu Dhabi as examples of government-affiliated investments that bolster US companies.
Russell Read looks to become an environmental rainmaker after a two-year stint at the $244bn US pension.
Eastern and Central European countries with programs encouraging public-private partnerships are more likely to obtain infrastructure investments than their Western European neighbours, a study finds.
The state’s retirement system has committed to six alternative investment funds, weeks after increasing its alternatives allocation to 10 percent.
The National Pension Service has reportedly set aside a large stockpile for investing in distressed property in the US and other markets.