The $1 trillion asset management arm of the US's Teachers Insurance and Annuity Association has added specialist real estate expertise and more client coverage executives.
Overseas investors are flocking to Japanese housing. As the latest deal shows, there is increasing competition within one of the most sought-after real estate markets in Asia-Pacific.
The US firm, recently rebranded from TIAA Global Asset Management, is expanding its sales team and is expected to target Asia’s wholesale market over time.
Achieving a 5% return is impossible from investing in traditional assets alone, says the CIO of Korea’s Public Officials Benefit Association. But alternative risk premiums – and fees – have collapsed.
But investors in Europe and the US have stricter criteria than their Chinese counterparts as to what constitutes a green bond.
US-based $850 billion asset manager TIAA has started building an Asia-wide sales team by luring a regional institutional head and two members of his team from Invesco.