Including: ASIA - Asia Pacific property for Henderson; GERMANY - Cordea Savills retail fund launch; UK/CHINA - LSE looks east,; UK - UBS appointment
ASIA - Asia Pacific property for Henderson
Henderson has launched the Asia Pacific Indirect Property Fund for global institutional investors.
The portfolio's primary target total return has been set at 12% per annum with a 4% secondary income return per annum. It aims to exceed assets under management of US$1bn.
GERMANY – Cordea Savills retail fund launch
Cordea Savills has launched a German retail property fund for institutional investors.
The property fund manager has set return targets of 10% including income distribution of 5% per annum.
An initial portfolio of €230m has already been bought by property companies to be acquired by the fund.
UK/CHINA - LSE looks east
The London Stock Exchange (LSE) has announced it may branch out to China.
A spokesperson confirmed the LSE was contemplating the move, but “various steps” had to be untaken to secure permission from the authorities to do so.
The LSE opened an office in Hong Kong in October 2004.
UK – UBS appointment
UBS Asset Management has appointed Liz Ward as global head of capabilities management for the fixed income team.
Ward has joined the Swiss firm in the new role after ten years at Russell Investment Group and will be based in London.
Ex-BHS owner Dominic Chappell has been ordered to pay a total of £87,000 in fines and court costs after he was found guilty of failing to provide The Pensions Regulator (TPR) with information.
The Department for Work and Pensions (DWP) has said it while believes in the benefits of consolidating defined benefit (DB) schemes, there are significant issues to overcome.
There is just one week left to register to enter the Workplace Savings and Benefits Awards 2018.
Nearly a third (32%) of employers believe new technologies, such as augmented and virtual reality, will play a part in benefits communications, latest research from Aon Employee Benefits reveals.