Company Overview of RREEF America L.L.C.
RREEF America LLC has approximately $63.1 billion (€53.1 billion) in assets under management. The firm provides its services to high net worth individuals, investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, corporations, and state or municipal government entities. It manages separate client-focused equity and fixed income portfolios with investment vehicles. The firm invests in the public equity, fixed income, and real estate markets across the globe. It primarily invests in value stocks employing an opportunistic approach with a bottom-up stock picking approach. The firm conducts in-house research to make its investments. RREEF Amer...
875 North Michigan Avenue
Chicago, IL 60611
Founded in 1975
Key Executives for RREEF America L.L.C.
Managing Director and Global Head
Global Chief Operating Officer
Compensation as of Fiscal Year 2013.
RREEF America L.L.C. Key Developments
State Street Reportedly Walks Away From Sale Of Deutsche Asset & Wealth Management
Nov 25 13
State Street Corporation (NYSE:STT) has walked away from the sale of Deutsche Asset & Wealth Management which could be critical for Macquarie Group Limited (ASX:MQG), reported Australian Financial Review citing reports. The deadline for offers is thought to be this week, leaving little time and room for Deutsche Bank AG (DB:DBK) to strengthen its hand in the negotiations. According to The Financial Times, State Street is now out of the running for the assets, which include DB Advisors, LLC, RREEF America L.L.C. and Deutsche Insurance Asset Management. The newspaper is also reporting that Ameriprise Financial, Inc. (NYSE:AMP) is balking at the price tag and will be the next bidder to disappear. The Deutsche Bank is understood to be seeking offers of around $2 billion, but The Financial Times thinks bids in the realm of $1.2 billion are more realistic. Now that State Street and JPMorgan Chase & Co. (NYSE:JPM) have reportedly dropped out of the race, Macquarie Group and Guggenheim Partners, LLC are understood to be battling it out for the entirety of the Deutsche asset management assets on offer. However, Guggenheim, which manages more than $125 billion in assets, may not be capable of swallowing the acquisition on its own. Opinions differ on whether it will need to bring in a partner or can seal the deal alone. Other players thought to be bidding for the assets include Power Corporation of Canada (TSX:POW) and Apax Partners LLP. It is understood there are other parties interested in acquiring pieces of the Deutsche business rather than the whole operation. Macquarie Group was not available for comment.
Deutsche Asset & Wealth Management Announces Management Appointments
Sep 30 13
Deutsche Asset & Wealth Management (DeAWM) announced four hires to its real estate investment business (formerly RREEF Real Estate) in the Americas. Matthew Jaffe joined as a Director and Alternative Investment Specialist in the Global Client Group, focusing on real estate. Based in New York, he reports to Laura Gaylord, Co-Head of Alternatives Investment Specialists for the Americas. Jaffe was most recently with Societe Generale, where he was a director in global markets, with responsibility for marketing across the Eastern U.S. Previously, Jaffe served as senior vice president of marketing and client services at Torchlight Investors (formerly ING Clarion Capital). Peter Mette joined as a Director in the Real Estate Transactions team to focus on acquisitions in Southern California. Based in San Francisco, he reports to Tim Ellsworth, Head of Real Estate Transactions for the Americas. Mette brings more than 20 years of industry experience, most recently as a senior vice president and director of acquisitions and dispositions at KBS Realty Advisors. Prior to that, he held several senior transactions roles with Metropolitan Life Insurance Company, JPMorgan Mortgage Capital Inc. and Meridian Industrial Trust. Cheryl Charnas joined as a Vice President in the Real Estate Asset Management team as a Residential Asset Manager. Based in Chicago, she reports to Joe Senko, National Head of Residential Asset Management. Charnas brings more than 20 years of experience in commercial real estate, most recently as a project director of transitional assets and a vice president of asset management at Inland American Business Manager & Advisor Inc. Emily Zagorski joined as a Vice President to lead Product Development across the real estate investment platform in the Americas. Based in New York, she reports to Marlena Casellini, Deputy COO for the Americas, Alternatives and Real Assets. Previously, Zagorski was with JPMorgan Global Wealth Management where she led several initiatives, including global funds management and product development for the private bank and alternative investment investor relations.
Honeywell Signs a Deal for Lease Renewal with RREEF Real Estate
Aug 29 13
Honeywell has expanded further in Romania, signing a deal for an 11,124 square metre lease renewal and expansion in Upground Offices in Bucharest. Upground Estates is the property of RREEF Real Estate.
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