Thursday 28th May 2015
NEWS TICKER: THURSDAY, MAY 28TH: A deal struck by MEPs and Council of Ministers negotiators in the small hours of Thursday morning means the architecture of the Juncker plan to unlock €315bn public and private investments in the real economy in 2015-2017 can now be put to a European Parliament vote on June 24th and the investment programme can kick off in the summer. Parliament’s negotiators scaled back cuts in the EU’s “Horizon2020” research and innovation programme and Connecting Europe Facility (CEF – to link up Europe’s energy, transport and digital networks). They also ensured that the plan creates a stable financing mechanism to bridge the investment gap in Europe, by clarifying the investment guarantee fund’s governance structure and making it more accountable to representatives of EU citizens – Jamyra Gallmon, accused of stabbing DLA Piper associate David Messerschmitt to death in a robbery gone wrong, pleaded guilty to murder today in Washington, DC court, after reaching a plea deal with prosecutors - – European banking and financial market associations have been rushing to comment on Tuesday night’s vote in the European Parliament’s Economic and Monetary Affairs Committee (ECON), which was rejected by 30 votes to 29, claiming they remain deeply concerned over the EU Banking Structural Reform proposal (BSR) that seeks to break up the largest European banks. The outcome of the ECON vote shows that there is no consensus on what is right for big universal banks in Europe. Policy makers suggest that the BSR proposal could lead to a loss in European investment capacity equal to 5%, representing a decline of almost €100bn in capital expenditure on the long term; however there does not seem to be any consolidated document that might form the basis of consistent debate as a European Parliament spokesperson confirms that the original proposal has had so many amendments that it scarcely reflects the original thinking behind the document. Given that the vote is defeated, the EP will not consider re-opening the debate until June 11th this year, when the Parliament will decide on the requirements for either further amendments or complete redrafting, or even abandonment of the proposal - )-- Murex, the leading provider of integrated trading, risk management and processing solutions, says UniCredit, which has the largest presence of banks in Central and Eastern Europe, has gone live on Murex' MX.3 for UniCredit Bank Austria and eight other Central Eastern Europe banks - The interim financial report of Gefinor S.A. (ISIN LU 0010016714) for the period ended March 31st is available on the company website at www.gefinor.com from May 28th (today) - The Securities and Exchange Commission today announced that the next meeting of its Advisory Committee on Small and Emerging Companies will focus on public company disclosure effectiveness, intrastate crowdfunding, venture exchanges, and treatment of finders.“The agenda reflects the important scope of the advisory committee’s mandate,” says SEC Chair Mary Jo White. “Topics I am particularly interested in are the advisory committee’s views on disclosure effectiveness and initiatives that will inform our capital formation efforts.” At its upcoming meeting on June 3rd, the advisory committee also is expected to vote on a recommendation to the Commission regarding the “Section 4(a)(1½) exemption” sometimes used by shareholders to resell privately issued securities. This topic was initially discussed at the committee’s March 4 meeting.The meeting will be held at the SEC’s headquarters at 100 F Street, NE, Washington, DC, and is open to the public. It also will be webcast live on the SEC’s website, www.sec.gov, and will be archived on the website for later viewing.

BlackRock launches global real estate securities capability

Friday, 08 June 2012
BlackRock launches global real estate securities capability BlackRock has launched a new global real estate securities investment platform. The initiative is borne out of BlackRock’s long-term experience in the real estate investment business and its proven expertise in Fundamental Equity investment, says the firm.Industry veteran Mark Howard-Johnson has been appointed as the global head of Real Estate Securities Management to lead the development of the new business. One of Howard-Johnson’s first priorities will be to build a global team which is expected to include approximately six additional investment professionals by year-end. http://www.ftseglobalmarkets.com/

BlackRock has launched a new global real estate securities investment platform. The initiative is borne out of BlackRock’s long-term experience in the real estate investment business and its proven expertise in Fundamental Equity investment, says the firm.Industry veteran Mark Howard-Johnson has been appointed as the global head of Real Estate Securities Management to lead the development of the new business. One of Howard-Johnson’s first priorities will be to build a global team which is expected to include approximately six additional investment professionals by year-end.

The new global real estate securities team will work closely with BlackRock’s real estate research and investment professionals to identify and pursue investible trends in the real estate industry. The team will also look to leverage the broad investment market insights and trading expertise of the Fundamental Equity teams at BlackRock. The team will employ these resources as part of its intense fundamental approach to investing in real estate securities.

“BlackRock is already the largest manager in the REIT sector across a broad range of products – expanding this expertise for dedicated actively managed products is a natural extension of the firm’s robust real estate capabilities,” explains Jack Chandler, global head of Real Estate at BlackRock. “This will further strengthen our ability to offer our institutional and retail clients an unrivaled set of real estate solutions.”



Howard-Johnson most recently served as chief investment officer at Building & Land Technology, where he was responsible for launching its real estate securities management effort.  Previously, he was global head and chief investment officer of REIT management at Goldman Sachs Asset Management. In addition to growing the business to over $5bn in assets under management, his team’s US flagship offering produced strong results for clients on both an absolute and relative basis. He also helped launch real estate securities products that pursued income, international, and long/short strategies.

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