Capital Group CEO sees mid-sized asset managers getting ‘hollowed out’
Capital Group CEO Mike Gitlin expects smaller boutique firms to survive on satellite allocations and larger firms taking more market share of investors’ core exposure.
David Fassbender has been appointed head of PGIM’s Asia Pacific real estate business.
SCPREF is expected to be seeded by Hongkong Land’s Singapore commercial portfolio.
Prateek Jhawar will join the firm in January 2026 to lead origination and investment strategies in the country.
Full-year volumes on track to surpass $195bn, according to Knight Frank research.
The initiative is designed to help the growth of the REIT market in the territory.
The asset manager has hired Sam Mellor and Stuart Carr to drive growth across its debt and equity platform.
The funds include income and real estate-backed credit in the Australian market.
Naumann will also continue in his role as CIO real estate for the region.
FundCalibre managing director Darius McDermott explores the sectors to benefit from last Thursday’s UK interest rate cut.
Hao Zhan and Juan Jimenez have been hired to grow the business in Apac and the Americas.
JP Morgan Asset Management identified transportation, US real estate and secondaries as its areas of highest conviction.
Craig Shute will replace Kevin Coppel who is retiring.
Simultaneously, the asset manager has appointed a head of Japan real estate.
Consolidation and falling interest rates could spell positive news for the sector.
Cross-border investments in Asia Pacific are projected to rise by more than 33% in the second half of 2024, according to the property consultancy.
The global real estate alternative and tactical (GREAT) fund has a target size of $50m.