Zoe Hughes

The country´s infrastructure and complex tax system are preventing Brazil from attracting even more international equity, according to panelists at the annual ADIT conference.

Mark Burgess will take over as general manager in the middle of the year from CIO David Neal.

Daniel Mudd will challenge a ‘Wells notice’ served by the Securities and Exchange Commission, as the federal agency investigates the conduct of Fannie Mae and Freddie Mac in the run-up to the financial crisis.

The bank reported gains of $431m in its merchant banking operations thanks in part to fund investments, which include private equity, real estate and infrastructure.

Prudential Real Estate Investors was one of four real estate firms seeking to raise $1.3bn from Mexican pensions via the country’s stock exchange. The other firms included AMB Properties, Artha Capital and Mexico Retail Properties

The government has eliminated its previous 5%, 15% and 25% cap on pension plan investments in real estate and Canadian resource properties, with expectations the rule could result in rising allocations to the asset class.

As the US Congress prepares for a final vote this week on plans to limit banks involvement with alternative investment funds, industry professionals admit the regulations are unlikely to come into effect for more than a decade – but could significantly lower bank co-investment in alternative vehicles when they do.

The $94bn pension fund has started webcasting its board meetings following a growing trend among US public pensions to have live feeds of its sessions.

Christopher Keber has been confirmed as director of global capital raising for the Greenwich, Connecticut-based firm. PERE first revealed Keber’s appointment in April.

Alan Bear has joined the principal real estate advisory and investment arm of Alvarez & Marsal as managing director to help grow the platform and source capital for asset and portfolio-level recapitalisations.