Study: CREAre “Go”
According to a new study by J.E. Robert Cos., a majority of institutional investors are poised to grow their future investments in commercial properties, particularly in the United States. Most of the respondents, which included decision-makers at pension funds,institutions, endowments and foundations, rated private equity as their preferred investment vehicle, followed by real estate investment trusts and direct investments. Respondents also favored investments in America (44%) over Asia (30%), Europe (18%), Latin America (7%) and the Middle East (1%). The study was conducted by Siegel+Gale in September.
Alaska Fund Names CIO
After a two-month search, the $33 billion Alaska Permanent Fund Corp. a state-owned entity that manages many of the state’s pension funds from its base in Juneau, Alaska, has named Jeffrey Scott as its new chief investment officer. Scott starts Nov. 17. Previously Scott was the founder of JCS Advisors, a management and consulting business. His predecessor, Richard Shafer, retired in August and joined the New Hampshire Retirement System in September.
The fund also is looking for a law firm to coordinate its investment agreements and contracts.