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.
The Pensions Regulator (TPR) and Financial Conduct Authority (FCA) have launched a refreshed ScamSmart campaign to warn savers about unsolicited pension communications.
Ann Harris OBE and Mike Dailly have been appointed non-executive directors at the upcoming single financial guidance body (SFGB).
Pension schemes are "placing too much focus" on a narrow section of the private debt market where competition is driving down "compelling opportunities", according to Willis Towers Watson.
Barnett Waddingham's head of business development Adrian Cooper has left the consultancy to join TPT Retirement Solutions in a newly-created role.