Cezary Podkul
Effective 1 January 2009, Sir John Collins, former chief executive officer of oil giant Shell’s UK operations, will join the company’s six other non-executive directors.
Currency hedges gone sour are also forcing many of Australia’s pension investors to put more cash toward meeting margin calls, making a fraught fundraising environment even more difficult.
The world's largest private manager of infrastructure assets also saw its fiscal 2009 half-year profit plummet 43% to A$604m. Its unlisted funds continued to post strong base and performance fees, while listed funds did not.
A new strategic partnership between infrastructure fund manager HRL Morrison and New Zealand asset manager Fisher Funds will form a retail infrastructure fund expected to be available to investors early next month.
After three prior attempts to initiate takeover discussions with the Toronto Stock Exchange-listed income fund, Borealis Infrastructure, the infrastructure investment arm of OMERS, has finally completed a long-coveted acquisition.
UBS’ former head of global commercial real estate will head Ladder Capital Finance, while Alan Fishman, CEO of Washington Mutual until its collapse in September, will serve as chairman.
UBS’ former head of global commercial real estate will head Ladder Capital Finance, while Alan Fishman, CEO of Washington Mutual until its collapse in September, will serve as chairman.
The California-based placement agent, Probitas, also estimates that $21.5bn has been raised for infrastructure in the first nine months of 2008, less than the $34.3bn raised last year.
The California-based placement agent also estimates that $21.5bn has been raised for infrastructure in the first nine months of 2008, which is less than the $34.3bn raised last year, but more than the 2006 total of $17.9bn.
Jesús Olmos Clavijo, former CEO of Spanish utility Endesa, will report to Marc Lipschultz, KKR’s global head of energy and infrastructure and work alongside Simon Hipperson, managing director in its European infrastructure team in London.