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Illinois Municipal adds to AEW, Invesco core real estate funds
trueIllinois Municipal Retirement Fund, Oak Brook, committed an additional $70 million to AEW Core Property Trust (U.S.), managed by AEW Capital Management, and an additional $30 million to Invesco Core Real Estate (USA).
New Jersey slates nearly $2 billion in commitments, including $1 billion to Blackstone
trueNew Jersey Division of Investment, which manages investments for the $76.8 billion New Jersey Pension Fund, is expanding its relationship with Blackstone Group, adding several new commitments worth up to $1.05 billion.
San Antonio Fire & Police putting $60 million into private debt, real estate funds
trueSan Antonio Fire & Police Pension Fund committed $60 million total to five funds.
Barclays: Bulk of hedge fund asset growth since crisis came from performance
trueHedge fund industry assets more than doubled to $2.85 trillion in the six-year period since the global financial crisis with about 88% of the growth attributable to investment performance, said a new report released Thursday from Barclays’ prime services capital solutions division.
CPPIB commits C$330 million to Canadian private equity fund of funds
trueCanada Pension Plan Investment Board committed C$330 million (US$260 million) to a new Canadian private equity fund of funds managed by Northleaf Capital Partners.
Ohio Police & Fire earmarks nearly $50 million for Rhone private equity fund
trueOhio Police & Fire Pension Fund committed €43 million ($48.9 million) to Rhone Partners V, a private equity fund.
Ontario Power Generation chooses Mercer exec as director of private markets
trueRyan Bisch joined Ontario Power Generation as director, private markets, for the firm's investment funds.
San Luis Obispo County slates $30 million for open-end real estate fund
trueSan Luis Obispo County (Calif.) Pension Trust committed $30 million to American Strategic Value Realty Fund, a value-added, open-end real estate fund managed by American Realty Advisors.
Fitch: U.S. high-yield default rate ended 2014 at 2.4%
trueThe default rate for U.S. high-yield issuers ended 2014 at 2.4%, up from 1.5% a year ago, according to Fitch Ratings. The firm noted that it was the fifth straight year the default rate was below its 35-year average of 4.1%.
AIMA: Hedge funds earn $1.5 trillion in past 10 years
trueInvestors in hedge funds have earned a combined $1.5 trillion after fees in the last 10 years, despite $306 billion of performance losses related to the 2008 financial crisis.
NCREIF Property index up 11.82% in 2014, surpassing prior year's returns
trueReal estate investments’ fourth-quarter return of 3.04% was the highest quarterly return in 2014, the National Council of Real Estate Investment Fiduciaries’ NCREIF Property index shows.
Timberland posts highest annual return since 2007
trueThe NCREIF Timberland index returned 10.48% in 2014 -- its highest return since 2007. Last year's return consisted of 7.46% price appreciation and 2.86% income return.
El Paso City Employees could change U.S. REIT portfolio to global strategy
trueEl Paso (Texas) City Employees’ Pension Fund is considering moving to a global real estate investment trust portfolio from its current $23 million domestic portfolio to improve diversification.
Harrison Street closes fifth opportunistic real estate fund with $1 billion in commitments
trueHarrison Street Real Estate Capital raised about $1 billion in its fifth opportunistic real estate fund and co-investment vehicle.
Consultant bfinance chooses director of private markets
trueWitold Witkiewicz joined investment consultant bfinance as director, private markets.