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Allocation Strategy

  Nicholas Loup, Grosvenor’s chief executive for Asia, explains how Tokyo could become Asia’s London now that the country’s reforms are taking effect.  
CDH Investments real estate executive director elaborates on the different roles of RMB and US dollar capital in Chinese real estate, and how fund managers need to adapt to the different expectations of their respective investors.
The Santa Fe, New Mexico-based Public Employees Retirement Association has approved plans to allocate an additional $80 million to the asset class in 2014 with two opportunistic funds expected to be the beneficiaries.
The US attracted more than $38.7 billion in foreign real estate investment in 2013, with investors from Canada, China and Australia representing the top three international capital sources, according to a new report by Jones Lang LaSalle.
The $25.3 billion pension system has formalized its Emerging Manager Program Annual Tactical Plan, including a $100 million allocation to new real estate managers.
The $176.2 billion pension plan has made 10 commitments to eight property managers, including Clarion Partners and DivcoWest.
The $42.75 billion pension plan’s investments with three separate account managers make up more than half of its allocation to the asset class for 2014.
The largest US pension plan has approved a two percent increase to its real estate allocation, upping its target for the asset class to 11 percent.
The largest US pension plan has approved a $1 billion increase to its annual dollar hard cap for new real estate investments.
The latest investment study by Union Investment reveals that investors are still seeking a safe home for their capital, but some are accepting greater risks such as shorter leases.

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