Friday SWFI News Roundup, July 3, 2015

NEST Has a New CEO

The UK’s National Employment Savings Trust (NEST) has named Helen Dean as CEO. She is replacing Tim Jones who left in February 2015. Currently, Dean serves as NEST’s executive director for product and marketing. She joined NEST from the Department for Work and Pensions (DWP) in 2014

Ivanhoé Cambridge Allocates More Capital to Chinese Logistics

Ivanhoé Cambridge, the real estate unit of Caisse de dépôt et placement du Québec (CDPQ) and CBRE Global Investment Partners have committed capital to Logos Property Group’s China Logistics Club, a real estate company active in Australia and China. Logos Property plans to invest up to US$ 400 million toward development real estate projects and existing logistic properties in urban Chinese cities such as Shanghai and Guangzhou.

CalPERS’ Massive Real Estate Realignment

The California Public Employees’ Retirement System (CalPERS) is following its mission to limit manager relationships in all asset classes, especially expensive asset classes like private equity and real estate. CalPERS hired Park Hill Group, a global alternative asset placement agent owned by The Blackstone Group. Park Hill Group will help CalPERS sell up to US$ 3 billion of its massive US$ 25.5 billion real estate portfolio on the secondary market. These identified assets for sale apply only to non-housing funds in CalPERS’ legacy portfolio. CalPERS had 79 funds and 58 real estate managers in a December 31, 2014 performance report.

CITIC to Invest over $100 Billion in Silk Road Initiative

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