Lastest people news 鈥� Page 65
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Mass PRIM makes additions in real estate
UNITED STATES - Massachusetts Pension Reserves Investment Management Board has selected a new real estate consultant and added an office building to its real estate portfolio.
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Laxton to head UK charge of Cushman & Wakefield
UK - Cushman & Wakefield, the global real estate consultants and investment firm, has appointed Bryan Laxton as chief executive officer of its UK business from January 2009.
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Dallas Police & Fire helps fund retail venture
UNITED STATES - Dallas Police & Fire Pension System is the capital source behind a global capital relationship with its real estate manager CDK Realty Advisors and RED Development, which will invest in retail property.
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Fortis recruits for real estate amid its turmoil
NETHERLANDS - Raymond Satumalay, formerly investment manager at Bouwfonds Asset Management, is joining Fortis Vastgoed Vermogensbeheer, the real estate division of Fortis Insurance Netherlands, as its managing director of fund management.
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ING Clarion takes its talent to Brazil
UNITED STATES - ING Clarion Partners is tapping its in-house investment expertise and opening a regional investment office in Brazil for the first time.
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Felix turns off the road and into Aviva
UNITED STATES 鈥� Steve Felix, well-known in the pensions and institutional real estate market, is leaving his full-time writing behind and joining Aviva Investors to become head of marketing for its North American real estate multi-manager products.
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Union seeks growth through Axa CEO
GERMANY - Hamburg-based investment management firm Union Investment Real Estate (Union) has appointed Karl-Joseph Hermanns-Engel to its management board with specific responsibility for the 鈧�14bn firm鈥檚 international asset management operations.
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CalPERS appoints infrastructure manager
UNITED STATES - California Public Employees Retirement System has hired Randall Mullan as its senior portfolio manager for infrastructure investments.
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Three out of four funds stand firm to real estate
UK 鈥� Three-quarters of UK pension funds are either maintaining or increasing their current level of exposure to real estate despite the recent turmoil in their domestic commercial property market.
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Knight Frank expands Middle East operations
MIDDLE EAST - London-based global real estate management and advisory firm Knight Frank has extended its global network by opening a office in Bahrain to cover the burgeoning Middle Eastern property market.
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MEAG appoints new managing director for real estate
GERMANY - Munich Ergo Asset Management (MEAG) has appointed G眉nter Manuel Giehr as head of its global real estate operations.
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IVG and Metzler lose their heads
GERMANY 鈥� German real estate company IVG will have to look for a new chief executive as Wolfhard Leichnitz is leaving the company at the end of September.
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CalSTRS creates emerging manager real estate programme
UNITED STATES - California State Teachers Retirement System is developing an emerging manager strategy in real estate for the first time.
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Illinois State Universities begins fresh real estate searches
UNITED STATES - State Universities Retirement System of Illinois has approved new manager searches for real estate and infrastructure, in a bid to achieve higher returns than available in equities and bonds.
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LACERA plans fiduciaries search
UNITED STATES - Los Angeles County Employees Retirement Association has approved a search to hire up to eight independent fiduciaries to work with the pension fund in assessing co-investment real estate opportunities.
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Jones Lang LaSalle reshuffles directors
UNITED STATES - US-based property investment and consultants group Jones Lang LaSalle is reshuffling its senior board in a bid to reinforce its global presence and strategy for expansion.
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Schroders expands Nordic team
SCANDINAVIA - Schroder Property, the real estate arm of London-based 鈧�164.4bn Schroders, has further strengthened its presence in Scandinavia with the appointment of Ubbe Strihagen as director of business development for the Nordic region.
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AXA REIM steps up Asian presence
ASIA - AXA Real Estate Investment Managers (AXA REIM), the global property arm of French financial services group AXA, has opened an Asian headquarters in Singapore as the springboard for moves into India and Japan.
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Patrizia signs research heavyweight
GERMANY - Augsburg-based real estate investment specialists, Patrizia, has appointed Marcus Cieleback as head of research.
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Wisconsin expands real estate consultancy needs
UNITED STATES - Wisconsin State Investment Board has expanded the duties for its real estate consultant, Courtland Partners, as officials at the pension fund say its remit is becoming more complicated.
