LaSalle puts fat cheque in the post for investors

LaSalle Investment Management raised $3 billion for its Asia Opportunity Fund III, invested $1 billion before the global financial crisis in 2008, then took an intermission before investing a further $1.4 billion. The fund is now reaching the end of its four-year investment term, and rather than seek investor approval to extend that duration, has decided, (at a time when most fund managers would sell their spouses to vivisectionists to have excess capital to invest), to send the l…