Events

The alternative to the PIIGS – the Nordic region appears to have survived the global financial crisis better than most other European countries. PERE Magazine July, August 2010 issue

Participants at last month’s UK Roundtable say the incoming directive on Alternative Investment Fund Managers will lead to a more professional sector and is not something that should be feared, however a lobby effort on some of the more draconian elements would be welcome.

Investors have been asking selected fund managers to launch real estate funds, according to Ernst & Young’s Dean Hodcroft. He explained his experience at this month’s PERE UK Roundtable discussion.

Jim Quille, chairman and chief executive officer of MGPA added his name to the growing list of fund managers who doubt how widespread ‘investment club’ structures will become. Today, he shared his thoughts with PERE on-stage

Jing Ulrich, JP Morgan’s chairman of China Equities and Commodities warned delegates at PERE’s third annual conference in Hong Kong to expect investment volumes in China to fall up to 15% as the government tightens policy.

As the prominence of domestic capital continues to boom in market like China, international fund managers must look to other areas to compete on deals.

The drastically altered real estate opportunity requires skill sets, including restructuring and asset management, that are not sufficiently in place at many fund managers, argued participants at a roundtable discussion organised by PERE magazine.

General partners attending this year's PERE Forum in Hong Kong were today warned that despite the inability of many US pension funds to commit equity this year, they expect communication from GPs throughout the year. Those who listen to the advice will be well positioned to take advantage when their equity doors open again in 2010.

As limited partners see distressed development as an investment opportunity, they are asking general partners for shorter fund lengths.