Jonathan Brasse
Even though investments into Asian, non-listed real estate funds have dipped markedly in the short-term, allocations to the sector will increase over the next three to five years.
Former Fannie Mae CEO Daniel Mudd will relieve Edens of day-to-day duties for the NYSE-listed private equity, real estate and hedge fund manager. It is part of a main board reshuffle aimed at enabling senior executives to focus more intently on the group’s existing and new investments.
As well as selling the management of its Asian Real Estate Opportunity Fund, the bank is also offering for sale the management of all the remaining assets in the region on its balance sheet.