Zoe Hughes

The C$119 billion Canada Pension Plan Investment Board has delivered on its promise of direct infrastructure investments after New Zealand shareholders approved a bid for almost 40 percent of Auckland International Airport.

The C$119 billion Canada Pensions Plan Investment Board delivers on its promise of direct infrastructure investments after New Zealand shareholders approve a bid for almost 40 percent of Auckland International Airport.

The $35bn Pennsylvania State Employees’ Retirement System allocates further funds to RE after returning 22 percent from the asset class last year.

The real estate arm of Morgan Stanley has invested some of its $2.2 billion Special Situations Fund III to acquire shares in developer Adama in an effort to access the markets of Romania, Ukraine and Turkey.

Asda, the UK supermarket chain owned by Wal-Mart, is pondering the sale of industrial property developer Gazeley amid reports Wal-Mart is keen to focus on its core business.

The UK local authority pension fund says it is more cautious about real estate investments amid a general downturn in the British commercial property market.

The employee pension of Spain’s second largest bank will start investing 5 percent of its €2.1bn pension fund in alternative assets.

A report from PricewaterhouseCoopers describes an increased LP appetite for all alternative asset classes, with private equity and real estate leading the charge.

A report from PricewaterhouseCoopers describes an increased LP appetite for real estate, particularly in Asia, but also warns that one-fifth of investors are looking to decrease their exposure to the asset class amid a shrunken asset base.

CalSTRS’ board has vehemently opposed a pending California bill that would limit pensions’ investments in private equity firms with links to sovereign funds, while the president of Canada’s second-largest pension today warned a US Congressional task force against introducing similar legislation.