Carter Forms Global Unit
Atlanta-based Carter is branching out into the global real estate advisory business, thanks to a joint venture with Tampa-based Global Building and Consulting. The new Carter-Global Real Estate Financial Advisors LLC unites veteranRobert Winslow and E. Kim Evans of Global Building and Consulting and John Carter, who oversees Carter’s Florida operations. The venture now offers a full range of consulting services to owners of distressed real estate assets across the country.
Irish Pension Funds Post Gains
August was a good month for returns for Irish-managed pension funds. According to Hewitt Associates, the group recorded positive returns of 2.4%, the first increase since May. The funds had posted losses of 8.3% in June and 2.6% in July. Year-to-date, the funds are still tracking significant losses, averaging -15.1% through August. Much of the August gain is attributed to the stronger dollar and an uptick in U.S. stocks.