Ezra Merkin, the chairman of the Cerberus-backed financing company, resigned his position Friday as part of an overall board restructuring required by the US government for the company to become a bank holding company. Merkin is also being sued over links between a separate investment fund he controls and the Bernard Madoff Ponzi scheme.
2 min read · 08 February 2013
Oliver Blechner has resigned amid reported rumours of a personality clash at the top.
1 min read · 08 February 2013
Chairman Jens Reidel has stepped down as part of a planned retirement process, handing co-chairman roles to managing partners Francesco Loredan and Raymond Svider. Next month John Hosgood, Barclays’ former co-head of leveraged finance, will join the firm to lead a push into credit strategies that will be largely focused on purchasing debt in its own deals.
2 min read · 08 February 2013
Daewoo's creditors have opted to restructure the company rather than sell it. It marks the third failed attempt to sell the embattled electronics maker to a private equity group since Ripplewood first tried to buy the company in 2006. A deal with Morgan Stanley's Asian private equity arm fell apart last year.
2 min read · 08 February 2013
The New York-based alternative asset manager is expanding its partnership as it expands its core strategies.
1 min read · 08 February 2013
The UK property company belonging to the Duke of Westminster has appointed Andrew Bibby as CEO of its US activities. Earlier last year, Grosvenor US said it had reversed an investment freeze on the residential sector following the credit crunch.
2 min read · 08 February 2013
Jon Halpern, head of real estate at New York-based alternative asset manager Marathon Asset Management, is among five professionals to be made partner.
1 min read · 08 February 2013
More than 10,000 votes were cast for the third annual PERE Awards and here – over the next dozen pages – we present the winners and runners-up of the North American awards. By Robin Marriott, Jonathan Brasse and Zoe Hughes. PERE March 2009
10 min read · 08 February 2013
More than 10,000 votes were cast for the third annual PERE Awards and here – over the next dozen pages – we present the winners and runners-up of the Asia and rest of world awards. By Robin Marriott, Jonathan Brasse and Zoe Hughes. PERE March 2009
10 min read · 08 February 2013
Research suggests 2001 was the optimum year for opportunity real estate funds to succeed. GPs expect 2009 and 2010 could become the next golden era. PERE Magazine December 2008/January 2009
4 min read · 08 February 2013
