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Canada Pension Buys Student Housing Manager

The Canada Pension Plan Investment Board (CPPIB) announced on Friday that it is dipping its feet in the UK college student-housing sector. [Read the press release here.] CPPIB paid $1.67 billion to buy Liberty Living, a company that works with dozens of UK universities to provide and manage housing for students. More from Reuters: As part of the deal, ...
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Chart: How Institutional Investors Are Changing Their Allocations to Alternatives in 2015

Here’s a graphic that shows the percentage of institutional investors that are planning to change their target allocations to various alternative asset classes in 2015. When it comes to increasing target allocations, 39 percent of institutional investors say they are going to increase their private equity investments in 2015. Hedge funds may ...
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Pension Asset Growth Outpaced GDP Over Last 10 Years

The value of U.S. pension assets has outpaced GDP growth over the last decade, according to data from Towers Watson. In that time frame, pension assets have grown at a rate twice that of the country’s GDP. From the Wall Street Journal: Pension investments in stocks, bonds, cash and alternative assets such as real estate have surged relative to the ...
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San Francisco Pension Weighs Larger Emphasis on Local Real Estate

The San Francisco Employees Retirement System is deciding whether to increase its allocation to real estate in the San Francisco Bay Area. Specifically, the board is weighing whether to begin allocating up to 3 percent of its assets toward such investments. However, the area’s high real estate prices warrant caution, according to the fund’s advisors. From ...
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San Francisco Pension Approves 5 Percent Allocation to Hedge Funds

After months of discussion and delays, the San Francisco Employees Retirement System on Wednesday voted to invest up to 5 percent of its assets in hedge funds. The pension fund has not previously invested in hedge funds. Its investment staff had previously recommended a 10 and a 15 percent allocation, but the board voted 6-1 for a 5 percent investment. More ...
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New Jersey Pension to Invest $300 Million in U.S. Apartments

The New Jersey Division of Investment, the entity that invests the state’s pension assets, has committed $300 million to be invested in the U.S. apartment sector. More from Investments & Pensions Real Estate: The New Jersey Division of Investment has formed a $303m (€267.8m) separate account relationship with TGM Associates to invest in US ...
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Texas Teachers Pension Commits $465 Million to Three Real Estate Funds

The Teacher Retirement System of Texas has committed $465 million to three real estate funds, which will invest in a gamut of sectors including residential, industrial, hotel, retail and offices. More from IPE Real Estate: The pension fund is committing $200m to Westbrook Real Estate Fund X, $200m to Carlyle Realty Partners VII and $65m as a co-investment ...
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For CalPERS CIO, Lack of Stock and Bond Experience Not a Problem

The LA Times on Sunday published an interesting and thorough profile of CalPERS chief investment officer Ted Eliopoulos. It chronicles Eliopoulos’ beginnings as an Ivy League tennis star, his appointment to CIO of the country’s largest public pension fund, and his headline-making decision to pull out from hedge funds. The piece also dives into ...
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CalPERS Taps SIO for Real Assets From Morgan Stanley

CalPERS has hired Paul Mouchakkaa to be its senior investment officer for real assets. Mouchakkaa has previously been a managing director at Morgan Stanley and Pension Consulting Alliance. He’s also worked at CalPERS as a real estate portfolio manager. More from Globe St.: As SIO of real assets, the Los Angeles-based Mouchakkaa will manage a 60-member ...
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Kolivakis: 5 Reasons Behind Canada Pensions’ Real Estate Binge

Canadian companies and pension funds collectively invested $2.75 billion in commercial U.S. real estate in the first month of 2015. In 2014, that number was a hefty $9.7 billion. What’s behind the binge? Leo Kolivakis of Pension Pulse gives 5 reasons why Canada’s pensions are snapping up real estate in the U.S., and elsewhere. _______________________________ By ...
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