Blog

Slamming a Door on Hedge Funds

       

By Gretchen Morgenson  Posted September  20, 2014

Are public pension funds over their crush on hedge funds?

Looking for better returns, public pension funds in recent years have been socking away money in those lightly regulated vehicles. Some pension overseers have criticized this trend, but they have been few in number and have often been drowned out by hedge fund proponents. Those overseers’ arguments, however, are sound: Hedge funds, with their high fees, secrecy and recent underperformance, are inappropriate investments for most funds charged with providing retirement and other benefits to former workers.

Read more...

Toll Road bankruptcy reignites old debate about privatization

By Madeline Buckley  This email address is being protected from spambots. You need JavaScript enabled to view it. 

Posted: Tuesday, September 23, 2014 6:00 am | Updated: 12:50 pm, Wed Sep 24, 2014.


In filing for bankruptcy, the company that operates the Indiana Toll Road has reignited an old debate about the controversial privatization of the Toll Road in 2006.

Those who opposed leasing the highway in 2006 are now outspoken, citing concerns about the future of the road and quality of its upkeep.

Meanwhile, Indiana Gov. Mike Pence said in a statement Monday drivers of the route through northern Indiana can expect “business as usual.”

And U.S. Rep. Jackie Walorski said Monday the state included safeguards in the lease to protect the interests of taxpayers. Walorski voted for the lease when she served as a state representative.

Debt-ridden ITR Commission Co., a spawn of the Spanish-Australian company Cintra-Macquarie, on Sunday filed for Chapter 11 bankruptcy in U.S. Bankruptcy Court in Chicago in a prepackaged plan to restructure its approximate $6 billion debt.

Read more...

GRESB Report Awards MEPT "Green Star" Status

MEPT RANKS 1ST AMONG U.S. DIVERSIFIED FUNDS FOR SUSTAINABILITY AND ENVIRONMENTAL PERFORMANCE IN COMMERCIAL REAL ESTATE

WASHINGTON, D.C. – September 9, 2014 – Multi‐Employer Property Trust (MEPT), one of the largest open‐end core private real estate equity funds in the U.S., announced today that it has been ranked number one in two categories of the Global Real Estate Sustainability Benchmark (GRESB):

  • #1 ranking in the U.S. Diversified peer group among 36 funds;
  • #1 ranking among the 28 funds, recognized as funds in the NCREIF Fund Index ‐ Open End Diversified Core Equity (NFI‐ODCE) that participated in the GRESB survey.

Concurrently, MEPT’s real estate advisor, Bentall Kennedy, was named by GRESB the top firm in the Diversified peer group globally and in North America for 2014.

Read more...

New Study Quantifies the Impact of HIT's Investments

The AFL-CIO Housing Investment Trust commissioned a third-party assessment of the impact of its investments. The study was performed by Pinnacle Economics utilizing the economic modeling of Implan, a group with more than 35 years of impact modeling experience.

The assessment found that the Construction Jobs Initiative has generated $6.75 billion of economic activity and nearly 43,000 jobs, including over 20,000 union construction jobs, since 2009. A report on the HIT’s investments since inception will be ready this fall.

Read more...

©2014 Heartland Capital Strategies