Investors

Theodore Eliopoulos 2008-05-01 Staff Writer Reigning over the $16 billion (€10 billion) real estate portfolio of the largest public pension in the US, Theodore Eliopoulos has a monumental task at hand. But the task seems less monumental in the hands of this real estate veteran, who began his career as a

MIKE DIRE 2008-05-01 Staff Writer In real estate investing, experience is critical, and Mike DiRe, director of real estate for the $175 billion (€110 billion) California State Teachers' Retirement System (CalSTRS) has had many years of experience in real estate and finance. The Sacramento native was previous

The $34 billion Pennsylvania State Employees’ Retirement System announces four new private equity and real estate commitments. The pension plan, which represents more than 215,000 members, has now reached its target allocation for the two asset classes.

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.