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CPPIB, DEXUS raise bid again for Aussie REIT amid competition
trueCanada Pension Plan Investment Board, Toronto, and DEXUS Property Group raised their bid a second time to acquire Australian REIT Commonwealth Property Office Fund to A$3 billion (US$2.72 billion), according to a filing Wednesday with the Australian Securities Exchange.
Australia's Frontier Advisors names property consultant
trueTim Stringer will join Frontier Advisors next month as senior consultant, property sector research and advice.
Towers Watson adds 2 Sydney-based investment consultants
trueCraig Mercer joined Towers Watson in Sydney as a specialist senior hedge fund and alternatives consultant.
Melbourne-based Vision Super appoints new CEO
trueStephen Rowe was named CEO of the A$7 billion (US$6.4 billion) Vision Super, Melbourne, Australia, effective in January.
AustralianSuper taps QIC to advise on U.S. retail property investments
trueAustralianSuper tapped Brisbane-based QIC Ltd. to advise the A$65 billion superannuation giant on its direct investments in U.S. retail properties, and then manage the properties acquired on AustralianSuper's behalf.
Aussie REIT's board approves sweetened acquisition deal
trueA revised offer by a consortium of the C$192.8 billion (US$180.3 billion) Canada Pension Plan Investment Board, Toronto, and DEXUS Property Group to acquire Australian office REIT Commonwealth Property Office Fund was accepted by the board of the fund’s manager, pending due diligence, according to a filing Monday with the Australian Securities Exchange.
P&I Research Center now includes Australian superannuation fund data
trueThe P&I Research Center's new Australian superannuation fund information includes assets, participants, asset allocation, investment returns and other fund data for the 200 largest superannuation funds. The Australian superannuation market continues to see significant growth with assets at an ...
KiwiSaver issues call for default fund providers
trueKiwiSaver, Lower Hutt, New Zealand, is searching for default service providers for the voluntary countrywide retirement savings plan.
Australia's Future Fund adds equity, infrastructure to power nearly 15% gain
trueAustralia's A$91.7 billion (US$89.3 billion) Future Fund shifted allocations to global equities and infrastructure from credit and alternative investments during the 12 months through Sept. 30, to take advantage of a changing investment landscape.
New Zealand Superannuation goes with Northern Trust for 4 passive portfolios
trueNew Zealand Superannuation Fund, Auckland, hired Northern Trust Global Investments to manage four passive strategies.
Aussie REIT's board puts kibosh on acquisition deal
trueAn offer by Canada Pension Plan Investment Board, Toronto, and DEXUS Property Group to acquire Australian office REIT Commonwealth Property Office Fund was rejected by the board of the fund's manager.
CPPIB is part of $3.5 billion bid for Australian REIT
trueCanada Pension Plan Investment Board, Toronto, and DEXUS Property Group made a non-binding bid for Commonwealth Property Office Fund, a REIT than owns Australian office buildings with a total book value of A$3.7 billion (US$3.5 billion).
Vision Super goes with Adrian Lee for currency
trueVision Super hired Adrian Lee & Partners to actively manage currency exposures on the Melbourne-based superannuation fund's A$2.3 billion (US$2.2 billion) overseas investments.
Future Fund taps Korn/Ferry for president search
trueAustralia's Future Fund hired Korn/Ferry International to conduct a search for a new managing director and president of the Future Fund Management Agency.
NIRS report suggests ways U.S. could help solve its retirement crisis
trueU.S. policymakers and employers dealing with a struggling retirement system might learn a few lessons from other countries, where tough choices and government mandates seem to working, according to several new reports.