UBS Asset Management continues to take steps to climb out of the hole its Trumbull Property Fund finds itself in as poor performance has left the industry’s largest core real estate fund with redemption queues of more than four years.
A Florida pension fund will interview three private credit consultant finalists in May and approved a new non-core real estate pacing plan at its board meeting yesterday.
A Chicago-based investment manager is closing, according to industry sources. The firm’s fixed-income team is joining Mesirow Financial, while any plans for its equity business are unclear.