PensionDanmark A/S, the retirement fund that’s invested about $1.8 billion in renewable energy, may consider developing country projects for the first time as the United Nations-linked Green Climate Fund opens today.
Scott Stringer vowed during his successful campaign for New York comptroller to reduce the $370 million in fees the city’s five pension funds pay money managers and consultants annually. His job, which starts Jan. 1, just got harder.
Gaw Capital Partners, a Hong Kong- based private equity real estate company, has bought the Waterside House in London for a group of South Korean investors, as interest in overseas properties from Asia grows.
Japan’s 121 trillion yen ($1.21 trillion) pension fund needs more independence from bureaucrats and should put some of the world’s biggest retirement savings pool into private equity and commodities, an expert panel said.
Gold futures fell the most in a week as a global equity rally cut demand for precious metals as alternative investments. Silver slumped to a three-month low, and palladium capped the biggest drop in six weeks.
Deutsche Bank AG hired Marcelo Saad, the former head of alternative investments and fixed-income funds at Credit Suisse Hedging-Griffo, to help expand the German firm’s Brazil business, two people with direct knowledge of the matter said.