.jpg "CalSTRS’ infra-heavy portfolio underperforms")
The $209bn pension fund said short-term returns are not ‘particularly significant’ for the assets and expects greater cash flow over the long term.
Fund pledges a total of £38m to four infrastructure investors, including Hermes II which hit a first close in recent weeks.
Requests for proposals launched for New York’s busiest airport as Governor Cuomo targets private investment to create ‘centre of economic activity’.
The London-based firm will join DCO Energy to purchase a group of businesses owned by an Ohio-based energy systems operator.
The chairman and chief executive of Investment Management Corporation of Ontario have backgrounds in infrastructure.
The pension fund’s deal represents the fourth change of ownership this year for the under-fire utility company.
The Danish public pensions have backed a Europe- and North America-focused fund.
Tokio Marine will join two other mandated managers, JPMorgan and Mitsubishi UFJ, to help the $185bn pension fund manage offshore infrastructure investments.
The body will look for ways to promote PPPs as the administration aims to spur $1trn in spending.
A move by the Spanish developer could involve pension funds from Canada and Australia.
Deal also includes loans from Citi, Santander and the Royal Bank of Canada.
The London-listed fund plans to sell down part of the UK’s HS1 rail link after completion of the £320m deal, replicating similar efforts following its investment in Affinity Water.
The move comes as the government announces a research and investment programme that will inject £246m into the country’s battery storage market.
The Beijing-based multilateral is considering commitments to the IFC Emerging Asia Fund and India’s National Investment and Infrastructure Fund.
.jpg "China Unicom discusses privatisation with strategic investors")
The telco company is the first to roll out the government’s ‘mixed-ownership reform’, which could see part of its capital land in private hands.