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Newsletter content  -  Issue 350

 

15 May 2008

Alps and Cohen & Steers launch global real estate ETF

Thu, 15 May 2008, 06:00


PropertyFundsworld

Cohen & Steers has announced the launch of a global real estate exchange-traded fund, adviser by Alps Advisers, which offers investors an opportunity to participate in the income streams and diversification benefits of global real estate securities.

CB Richard Ellis Investors closes USD2.1bn US real estate funds

Thu, 15 May 2008, 06:00


PropertyFundsworld

Real estate investment manager CB Richard Ellis Investors has announced the closing of CB Richard Ellis Strategic Partners U.S. 5, which consists of two limited partnerships, having raised equity commitments of USD2.1bn from institutional investors in the US, Europe and the Middle East. The funds are closed to new investors and are expected to have total purchasing power of USD6.4bn including leverage.

ICICI seeks USD3 billion for India private equity, property funds

Thu, 15 May 2008, 05:35


Bloomberg

ICICI Bank Ltd, India's second biggest lender, plans to raise as much as USD3 billion for two funds as it competes with Morgan Stanley and Deutsche Bank AG to invest in the world's second-fastest growing major economy. ICICI Venture Fund Management Ltd. will tap investors for a USD1.5 billion private equity fund starting next week, and may raise an equal amount for a real estate fund, Chief Executive Officer Renuka Ramnath said in an interview in Mumbai. The division currently manages about USD2.5 billion in assets.



Property funds offer Thai investors an alternative

Thu, 15 May 2008, 00:04


The Nation

Choosing which property fund to invest in may be a different ball game altogether from selecting a bond or equity fund. For one, property funds in Thailand - at least the big ones - often invest in one property category such as shopping complexes or commercial buildings, and are therefore, in themselves, not as well diversified as mutual funds that invest in stocks. For instance, a terrorist scare or epidemic can turn shopping malls into urban graveyards. However, it is precisely a property fund's singularity that inves-tors are looking for to complement the volatility in the stock market.

Real estate investment is only for the involved

Wed, 14 May 2008, 20:02


MyIris

There used to be a belief till recently that when Equity Markets rise, Real Estate markets fall (like a See-Saw). Events of the last 2 years in India have however turned this belief onon its head. Even as experts opined that a correction was around the corner, the road to Real Estate has turned into a freeway paved with riches. But obviously look for the caveats. How can we or most of us benefit from this? As with all forms of investment, there are easy ways and there is the road less traveled. The easy way would be that of investing in a Real Estate Fund.

Land Securities: it could have been much worse

Wed, 14 May 2008, 16:36


Investors Chronicle

Land Securities reported its best ever performance against the widely-followed IPD Index. So it's testament to the dire state of the UK commercial property market that the real estate investment trust's (Reit) property portfolio still fell in value by a chunky GBP1.3bn to GBP13.6bn. Still, this 8.8 per cent fall should be compared with the IPD's 14 per cent drop.



Boardwalk REIT funds from operations up 25 per cent

Wed, 14 May 2008, 15:53


Globe Investor

Boardwalk Real Estate Investment Trust said on Wednesday its funds from operations, a key measure of performance for real estate companies, rose 25 per cent in the first quarter, helped by strong revenue growth in its Western Canadian operations. The REIT reported FFO of CAD27.7 million (USD27.7 million), or 50 Canadian cents per diluted unit, for the three months ended March 31, compared with CAD22.8 million, or 40 Canadian cents per diluted unit, in the year-earlier period.

Indiabulls property trust prepares for Singapore listing

Wed, 14 May 2008, 14:45


Finance Asia

The trust could raise about USD190 million based on an assumed offering price of SGD1 per unit and become only the second Singapore property trust to offer exposure to India. Singapore-listed property trusts have had a tough time over the past six months with significant falls in share prices so it is no surprise that new listing candidates have stayed well away from the market. But the IPO drought may soon be over as Indiabulls Properties Investment Trust (IPIT) looks set to launch an offering of about SGD260 million (USD190 million) within the next couple of weeks, following the start of pre-marketing at the end of last week.

Godd orning Vietnam property fund

Wed, 14 May 2008, 12:06


Asian Investor

Protego's new real estate fund plans to raise USD200 million for residential property development in Vietnam. Protego Real Estate Investors is launching the Protego Qudos Vietnam Property Fund. It plans to raise USD200 million to invest initially in five high-end residential projects in Vietnam. It is an eight-year, closed-end fund denominated in US dollars that targets returns of 25% net. There is no leverage planned at the project level.



Centro will defend class action

Wed, 14 May 2008, 12:02


NineMSN

Debt-laden Centro Properties Group Ltd said on Monday it would vigorously defend a class action brought against it by shareholders over it allegedly not disclosing the true state of its finances. The class action has been brought against the troubled property group and CPT Manager Ltd - the responsible entity (RE) for Centro Property Trust - in the Federal Court in Melbourne.

European real estate firms show wide variance in corporate governance, says Epra

Wed, 14 May 2008, 11:59


PropertyFundsworld

Corporate governance standards in listed property companies vary widely across Europe, according to a study released by Epra, the Amsterdam-based European Public Real Estate Association

European venture capital investment rebounds in first quarter, says Library House

Wed, 14 May 2008, 11:53


PropertyFundsworld

The volume of disclosed venture capital invested in Europe rebounded during the first quarter of 2008 to EUR1.40bn, compared with EUR1.41bn and EUR1.26bn in the two previous quarters, according to research and consultancy firm Library House.



Buyers return to property derivatives

Wed, 14 May 2008, 09:15


FT.com

Buyers are returning to the commercial property derivatives market to take advantage of the low prices offered on indirect investments in the beleaguered sector. Traders say there is increased optimism that the rock-bottom derivatives prices represent a buying opportunity in the UK, although the US and French markets are still under pressure owing to prevailing negative sentiment.

State Street starts real estate, mid-cap ETFs

Wed, 14 May 2008, 08:45


Ruters

State Street Global Advisors on Tuesday launched an exchange-traded fund that invests in global real estate and another that invests in international small-cap stocks. The SPDR DJ Wilshire Global Real Estate ETF RWO.A and the SPDR S&P International Mid Cap ETF MDD.A have their primary listing on the American Stock Exchange.



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Up and coming events

GAIM International 2008

Tue, 17 Jun 2008



17 - 19 June 2008 - Monaco

Meet 300 already registered hedge fund investors and connect directly with them using your secure Spotme. This hand-held electronic device allows managers to sort investors by the strategies they are seeking and enables you to send messages to them and easily identify and locate those you want to meet. Managers are listed by strategies selling so it works the same way for allocators looking for funds in which they want to invest.

In addition, hear case studies and latest research from 180 renowned academics and powerful institutional and HNW investors, alternative asset management experts and advisors.

So join 1,200 of the brightest and best of an industry for an incredible week of targeted direct networking, new deals, fresh ideas, and hot-of-the-press learning: hard benefits which last all year.


Percentages are calculated from 1 rating(s).

Content % :
 
50%
Networking % :
 
75%
Logistics % :
 
100%
Total % :
 
75%
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Post-Crunch M&A: Doing Deals In a Down Market

Wed, 18 Jun 2008



This one-day event will take an honest but constructive look at the current market for M&A, analyzing issues including the following:
• Restructurings and distressed M&A opportunities
• Middle market financing trends
• Navigating portfolio companies through a down cycle
• Cross-border M&A


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Asset Allocation Summit UK

Mon, 23 Jun 2008



23 - 25 June 2008 - London

Watson Wyatt report in their 2007 Global Pension Assets Study that "pension fund investment is subject to change on an unprecedented level." At the forefront of this change is the desire to reduce risk and at the extreme end of the scale, pensions buyout companies are offering to relieve companies of their pension liabilities altogether.



Percentages are calculated from 1 rating(s).

Content % :
 
100%
Networking % :
 
100%
Logistics % :
 
100%
Total % :
 
100%
1 out of 1 people recommend this event.
  Click here to view comments.  


Have you been to this event before? Click here to rate it.

Real Estate Investment World Asia 2008

Mon, 23 Jun 2008



23 - 26 June 2008 - Singapore

As Asia's No. 1 real estate investment convention, REIW Asia is:



·   The biggest and most comprehensive event of its kind to showcase the products, strategies, personalities and leading companies that comprise the Asian real estate investment management market place

·   Where the global investment community gathers to assess the investment opportunities in Asian real estate

·   Where institutional investors, fund managers and Asia-Pacific property developers demonstrate the merits of active real estate investment


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IMN - The Private & Non-Traded REIT Industry Symposium

Mon, 23 Jun 2008



23 - 24 June 2008

This event addresses the most crucial issues currently facing the industry. Now in its fifth year, this Symposium is the primary educational and networking forum for the industry. The largest event of its kind, it provides a key platform for the industry to gather and share the latest in-depth information and acts as a venue to meet all the key players of the Non-Traded REIT industry.


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ETF and Closed End Funds World 2008

Mon, 23 Jun 2008



23 - 25 June 2008 - London

Despite the significant expansion of ETFs in the last 12 months, their evolution is still just beginning. New ETFs are arising weekly and the ranks of ETFs are set to continue to explode in 2007. Natural resources, bonds, individual emerging market countries and targeted market capitalisation strategies all make for a very exciting year ahead.



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India Hedge Funds 2008

Tue, 24 Jun 2008



24 June 2008 - Geneva

India's financial markets have had several excellent years and international investors are looking for opportunities with the best funds managers in India. India has opened its doors to hedge funds and the mutual fund industry. India is quickly progressing, with a solid macro basis, a population in excess of 1 billion, powerful market support and a future that industry experts are predicting to rival opportunities in China. To date the total assets of all Indian domestic funds stands at a healthy US$ 50 billion. The booming capital market coupled with the strong development of the asset management industry has created exciting opportunities for investors.


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Hedge Fund Investor Summit:

Tue, 24 Jun 2008



Hedge Connection and SourceMedia present Hedge Fund Investor Summit: Identifying the Next Generation of Alpha, taking place on June 24 at the Yale Club in New York City. This intimate gathering of managers and investors will explore how to navigate the difficult waters of today's volatile and challenging market and will identify what strategies will generate alpha during the next year.


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IQPC - 3rd Annual Hedge Fund Investments Japan IQ 2008

Wed, 25 Jun 2008



Main Conference: Wednesday 25 to Thursday 26 June 2008
Pre-Conference Masterclass: Tuesday 24 June 2008
Post-Conference Masterclass: Friday 27 June 2008

Endorsed by AIMA Japan and the Tokyo Hedge Funds Club, our 3rd Annual Hedge Fund Investments Japan IQ 2008 conference is now recognized as being the premier event in Japan for the hedge funds industry with better content, better speakers, more end investors and more single hedge fund managers then the nearest competition.


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Private Equity Real Estate Summit

Thu, 26 Jun 2008



26 - 27 June 2008

FRA's Private Equity Real Estate Financing & Opportunity Forum is a comprehensive two-day event designed for private equity real estate professionals looking for innovative financing structures, strategic plays, and opportunities in the real estate industry during turbulent market conditions.  


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