Temasek to Poach South China Morning Post’s CEO

Singapore’s Temasek Holdings plans to hire the Chief Executive Officer of South China Morning Post Group. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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canada

PSP Investments and OTPP Buyout Santander in Cubico Sustainable Investments

The Public Sector Pension Investment Board (PSP Investments) and Ontario Teachers’ Pension Plan (OTPP) are going to acquire, in equal proportions, Banco Santander S.A.’s indirect interest in global renewable energy and water infrastructure company Cubico Sustainable Investments Limited, a London-based company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to […]

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texas

UTIMCO Could Lower Allocation to Hedge Funds

As annual returns are getting publicly posted by long-term institutional investors, many investment boards are frustrated with their hedge fund portfolios. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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US DOJ Seeks to Recover Money Regarding Corruption Involving 1MDB

On July 20, 2016, the U.S. Department of Justice (DOJ) filed a civil complaint seeking to forfeit and recover more than US$ 1 billion in assets that are associated with a conspiracy to launder funds stolen from 1 Malaysia Development Berhad, or 1MDB. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please […]

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SWFI First Read, July 25, 2016

Singapore Strategy, Robeco Plants Roots [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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NBIM Trims Logistics Portfolio, Sells Two East Coast Assets

Norges Bank Investment Management (NBIM), the manager of Norway’s sovereign wealth fund, has sold two U.S. logistics assets, in which it owned a 45% stake in both, that were initially acquired as part of its joint venture with Prologis. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. […]

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Temasek Leads Investor Round in Sprinklr

Sprinklr, an emerging company focused on enterprise social technology, raised US$ 105 million, valuing it at US$ 1.8 billion. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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PARTNER CONTENT AND RESEARCH


Research and commentary from leading asset managers, organizations and service providers.

Marcus & Millichap
First Quarter 2016 Real Estate Update: Marcus & Millichap

Goal Group
Is Your Purchase or Sale of Securities Covered Under U.S. Law?

Marcus & Millichap
Why Institutional Investors are Bullish on U.S. Real Estate

Goal Group
How Investors Are Leaving Billions on the Table

National Association of Investment Companies (NAIC)
Do Diverse Pension Plans Hire Diverse Investment Managers: The Answer May Surprise You

TOBAM
Make Diversification your Beta

National Association of Investment Companies (NAIC)
Outsized Performance is Met With Outsized Demand

MORE CONTENT

SWFI® RESEARCH, ARTICLES AND INDUSTRY NEWS

CIC Overseas Portfolio Battles Low-Yield Forces

The China Investment Corporation (CIC) suffered a negative return on its overseas portfolio. The portfolio returned -2.96% in 2015 compared to a 2014 return of 5.47%. However, CIC’s total assets rose past US$ 810 billion, beating out the Abu Dhabi Investment Authority (ADIA) in assets under management in terms of SWFI’s sovereign wealth fund rankings […]


X2 Resources Struggles to Move Along

X2 Resources, a fund vehicle that was promoted to scoop up troubled or fire-sale assets in the mining sector, is running into issues with itself as it lost two key investors. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SFERS Moves Large RE Mandate from Deutsche Bank to CIM

The San Francisco Employees’ Retirement System (SFERS) has moved a US$ 700 million separate account mandate in U.S. core and value-add real estate from Deutsche Asset Management to CIM Group. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Friday SWFI News Roundup, July 22, 2016

CPPIB Exits Riocan Trust Property JV Riocan Real Estate Investment Trust will acquire the Canada Pension Plan Investment Board’s (CPPIB) interest in four properties. The trust will purchase CPPIB’s 50% interest for an aggregate purchase price of US$ 352 million. Sara Bonesteel Promoted to New Retirement CIO at Prudential [ Content protected for Sovereign Wealth […]


qatar

QIA Invests with Douglas Emmett in Class A Wilshire Property

In 2015, the Qatar Investment Authority (QIA) announced its intentions to invest US$ 35 billion in the United States over the next five years. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Is Brookfield Biting Off More Than it Can Chew?

According to data from the Sovereign Wealth Fund Institute (SWFI), increasingly asset owners such as sovereign wealth funds and large pensions have augmented allocation to unlisted infrastructure. The money flows have created bubbles in the world of private infrastructure, forcing asset owners, managers and other investors to pay more for infrastructure assets. Toronto-based Brookfield Asset […]


Here Are 3 Changes Made by a Mega Sovereign Wealth Fund

The Abu Dhabi Investment Authority (ADIA) is the largest sovereign wealth fund in the Gulf. ADIA has a massive operation, consisting of over 1,700 employees, compared to just over 500 back in 1988. A number of public institutional investors are keen on how ADIA deploys its assets. The wealth fund giant has made a number […]


Hani Kablawi Named Head of Investment Services for EMEA at BNY Mellon

Hani Kablawi was named Head of Investment Services for Europe, the Middle East and Africa (EMEA) at BNY Mellon. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, July 20, 2016

Philadelphia Pension CIO Passed Away Michael Donatucci, the newly-hired chief investment officer (CIO) at the Philadelphia Board of Pensions and Retirement, died on July 15, 2016. Donatucci was 30 years old. He joined the pension as CIO on June 1, 2016. He had been a client investment strategist at SEI Investments. Temasek Makes Offer to […]


Gulf Wealth Fund Invests in Advanced Enzyme Technologies

Advanced Enzyme Technologies Ltd., based in Thane, India, allocated shares to cornerstone investors before its initial public offering (IPO). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Hapag-Lloyd to Merge with United Arab Shipping Company

Hapag-Lloyd AG and United Arab Shipping Company S.A.G. have signed a deal to merge amid increased volatility in the shipping industry. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


OPPORTUNISTIC: Norway SWF Buys Aberdeen-Owned Retail Property

Asset owners such as sovereign funds are on the prowl for real estate properties in core markets as liquidity-weak investors such as some major U.K. open-end property funds may have to sell off. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Tough Year for CalPERS

The California Public Employees’ Retirement System (CalPERS) announced a preliminary net return of 0.61% for the fiscal year ended June 30, 2016, inferior compared to last year’s return of 2.4%. This is CalPERS worst performance since 2012. Similar to 2015, listed equities and private equity were asset classes that dragged performance, while infrastructure and fixed […]


Khazanah Eyes Stake in Hong Leong Assurance

Malaysia’s Khazanah Nasional is analyzing a bid to buy a 70% stake in Hong Leong Assurance Berhad and a 65% stake in Hong Leong MSIG Takaful Berhad. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


HNA Aviation to Buy 80% Stake in SR Technics

Abu Dhabi-based Mubadala Development Company sold an 80% stake in Zurich-based SR Technics, a maintenance, repair, and overhaul (MRO) service provider in the aviation sector, to HNA Aviation Group Co. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


REFOCUS: Temasek Considers Buyout of SMRT

Singapore’s Temasek Holdings is in key discussions of a buyout offer for SMRT Corporation, a listed company that is an operator for most of Singapore’s rapid-transit system. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI – Movers and Shakers – July 18, 2016

Lending Club Hires iShares Executive for COO Role [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Irish Government Views ISIF as Key to Boost Housing

The Irish government has a strategic goal of having 25,000 new homes by 2020. According to Ireland’s Central Statistics Office, Dublin’s population increased 5.7% from 2011 to 2016, with a 72,333 change in people. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, July 16, 2016

Attempted Turkey Coup Unravels On July 15, 2016, sections of the Turkish military, the “Peace at Home Council,” attempted to overthrow the Turkish government. Soldiers had stormed Turkey’s state-run broadcaster declaring martial law and that they had taken over the government. Soldiers were deployed to the streets of Ankara and Istanbul. The military told people […]


CalSTRS

CalSTRS Approves $2.5 Billion Allocation to Low Carbon Index

The California State Teachers’ Retirement System (CalSTRS) investment committee moved to permit the allocation of US$ 2.5 billion of its equity portfolio to a low-carbon index strategy. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


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