Investors Acquire InterPark with Eye to Parking Infrastructure Opportunity
A joint venture led by TIAA Private Investments, and including Antarctica Capital, will manage the investment for the consortium.
News Archive: Jul - 2017
Moody’s May Cut State of Illinois, Chicago Board of Ed Credit
Downgrade would place the state’s credit rating below investment grade.
As Banks Struggle to Meet Regulations and Keep Customers, Investors Spot Opportunity
Capital relief trades seek attractive returns by offering banks more than economic incentives as synthetic collateralizations boom.
Japan’s Government Pension Investment Fund Posts Highest Gain in Two Years
World’s largest pension fund returns $70 billion, driven by domestic and international equity exposure.
Seeking Higher Returns, Sweden’s AP Pension Pushes into Private Equity
The $155 billion pension will cut bond holdings and raise caps on illiquid assets.
Emerging Hedge Funds Outshine Established Peers as Investors Revisit Asset Class
Newer and smaller funds post outsized returns, while volatility for former declines to match industry.
UK Watchdog Report Blasts Asset Managers
FCA says investors paying higher prices for funds typically achieve worse performance.
Newsmakers
Nevada’s Public Employee Retirement System Sees 12% Return for 2017 Fiscal Year
Equity exposure drives strong gains for pension plan.
Research
Venture Capital Deals Mark Record Quarter in Q2 as Asian Markets Boom
Asia accounts for almost half of the global total with a record $22 billion invested.
Global Infrastructure Deals Plunge in Second Quarter
Volume and value are halved year over year after sharp quarterly decline.
BlackRock’s Global Renewable Power Fund II Closes with $1.6 Billion
The fund exceeds its initial $1 billion target, demonstrating investor interest in renewables.
Newsmakers
Audit: Milwaukee County Pension Riddled with Errors
Audit going back 62 years has found that half the pension’s calculations had an error.
Corporate Pensions Slip 0.4% in June
Funded ratio is still up 7.6% YTD, according to Wilshire.
Gov. Christie Signs New Jersey’s Fiscal Year 2018 Budget
Highlights include state record pension payment, lottery-based contribution law.
Research
Atlanta Fed Revises US Growth Outlook, Clashing with IMF Views
“Medium-term imbalances” cast a cloud on the outlook, according to a report.