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Its global real estate AUM stood at $90 billion. GLP has raised more than $4.7 billion in capital for new and existing logistics fund strategies across Apac, Europe, and the Americas year-to-date. Duffy, managing director of fund management at GLP, told AsianInvestor.
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“We have seen strong interest and participation from insurance companies globally across all products and have seen a noticeable increase in insurance investor participation for our income strategies in China, Japan, and Europe, as these investors see long-term, stable, and resilient income with low volatility,” Craig A. “Asia has historically been more focused on traditional commercial real estate assets, but in recent years there has been greater focus from both public and private real estate investors on alternatives such as logistics, data centres, and business parks,” Koh Shern Ling, portfolio manager for Principal Real Estate Investors, told AsianInvestor. The net asset value of its strategic and tactical real estate investments stood at €43.4 billion. As of end 2020, APG had total assets worth €573 billion ($679 billion). The fund, called ESR China Development Platform, will invest in warehouses and warehouse/industrial mixed-use properties that will be sourced, developed, and managed by ESR.ĮSR’s AUM was at $36.3 billion, up 36.9% year-on-year, as of the first half this year. “Our ISA Direct model – available for both repos and OTC IRS – offers market participants tangible benefits in terms of risk management and collateral optimisation.Meanwhile, Hong Kong-listed logistics investment platform ESR announced the creation of a China logistics development fund on August 16, confirming capital commitments from Singapore sovereign wealth fund GIC as well as Dutch pension fund manager APG Asset Management, of up to $4 billion in investment capacity.
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“Onboarding APG funds is the latest successful step in our efforts to open our centrally cleared markets to a greater diversity of market participants,” said Frank Odendall, head of securities financial product and business development at Eurex. With the addition of APG, Eurex’s pension fund clients now have over €1 trillion assets under management.Įurex Clearing’s ISA Direct model is currently offered for repos as well as over-the-counter interest rates swaps (OTC IRS). “Thanks to Eurex’s ISA Direct clearing service, our clients are better prepared for the potentially upcoming derivatives clearing obligation for pension funds.” “The direct link to Eurex’s cleared repo markets is an important enhancement of our collateral and cash management capabilities,” said Jan-Mark van Mill, head of treasury and trading at APG. This will be beneficial to clients particularly due to regulatory changes such as the Uncleared Margin Rules, as well as the potential clearing obligation for pension funds.ĪPG’s clients will be able to trade repos with more than 150 participants registered with Eurex Repo, including commercial banks, supra nationals, central banks and government financing agencies.Ĭash will also be able to be raised or invested securely and reliably using over 13,000 International Securities Identification Numbers (ISINs), which will in turn allow APG to expand its spectrum of available liquidity providers, while reducing counterparty risk and costs. The move follows Eurex’s decision to offer expanded access to its cleared repo business to the buy-side, announced last year – which gave hedge funds and other firms increased access to the scheme.Īccess to Eurex repo markets will allow clients to address market liquidity concerns and regulatory-driven challenges, while also providing clients with access to opportunities to efficiently manage cash and securities collateral. Pension fund investment manager APG Asset Management (APG) will start to access Eurex’s centrally cleared repo markets from mid-June 2022, via the latter’s ISA Direct clearing services.