Singapore’s investment arm has taken a minority stake in a California-based real estate hedge fund firm. The Government of Singapore Investment Corp. has also committed $300 million to a hedge fund investing in U.S. real estate securities run by Rosen Real Estate Securities, it said yesterday.
The city-state’s investment division said it sees opportunities amid the widespread downturn in the U.S. real-estate market.
Rosen is run by Kenneth Rosen, also a professor of real estate and urban economics at the University of California, Berkeley.
Gabriel KurlandBy Gabriel Kurland: On November 12, 2009, the U.K.’s Serious Fraud Office (“SFO”), an independent government department that investigates and prosecutes fraud and corruption cases, announced that it is probing the London-based, Dynamic Decisions Capital Management Ltd., after the matter was referred to it by the Financial Services Authority. More...
Ireland has launched the EUR 26 million ($40 million) Bank of Ireland Seed and Early Stage Equity Fund to invest in startup and early stage companies. More...