One year into building a global private equity program, alongside its advisor StepStone, an A$97 billion ($78.8 billion)Â Australian large multi-manager posted a booming 200 per cent return on the back of some fortuitous secondaries investments. Simon Mumme reports.
The European Union (EU) directive governing the marketing efforts of hedge funds was passed on Tuesday, and gives offshore managers little wriggle-room to claim further distribution powers within the political bloc.
While US property investors favour opportunistic bets in Asian unlisted real estate markets, their European and Asian counterparts are more likely to seek different types of exposure, according to new findings from INREV, an association of European investors in unlisted real estate.
Capturing the growth of emerging markets in investment portfolios isn’t easy, says Jay Ireland, who oversees the GE Pension Plan’s $43 billion in assets, as he outlines long-term investment opportunities following the end of the decades-long bull market in developed world equities. Simon Mumme reports.
Mubadala Development, the strategic investment arm of the Abu Dhabi government, grew its total assets by 75 per cent to AED88.5 billion ($24.1 billion) in 2009.
No matter what they say, private equity managers will struggle to deliver stellar returns from the vintages of the global recession. Simon Mumme speaks to Jane Welsh, global head of private markets research at Towers Watson, about why the glut of capital committed to private equity in its heyday could depress future returns.
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