Policy

Northern Trust Names Michael G. O’Grady CEO

Northern Trust gave its President Michael G. O’Grady an additional duty. O’Grady will also be CEO of Northern Trust Corporation, effective January 1, 2018. He is replacing Frederick “Rick” H. Waddell, who will be resigning from the role. Waddell will remain Chairman of Northern Trust. Waddell joined Northern Trust in 1975 in its commercial lending […]


Temasek Adds More Duties for Senior Executives

Singapore’s Temasek Holdings added more duties for a number of its senior executives. Lee Theng Kiat, CEO of Temasek International, will also take on duties as Deputy Chairman of Temasek International. Ho Ching remains Chairman of Temasek International and CEO of Temasek Holdings. Ho Ching was ranked #9 in SWFI’s Public Investor 100 back in […]


New Zealand Superannuation Fund Releases 2017 Annual Report

The New Zealand Superannuation Fund (NZ Super) released its 2017 annual report. NZ Super posted a 20.71% return for the year ended June 30, 2017. NZ Super generated a 21.85% annual return in its global equities – develop market portfolio. 1.7% of NZ Super’s assets are invested in natural catastrophe reinsurance and life settlement investments. […]


Alaska Permanent Fund Selected NISA Investment Advisors for Liquidity Management Mandate

It was revealed through board documents that the Alaska Permanent Fund Corporation (APFC) hired NISA Investment Advisors, LLC for a liquidity overlay management mandate. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Fullerton Fund Management Names Jenny Sofian as CEO

Fullerton Fund Management, a sovereign wealth enterprise (SWE) of Temasek Holdings, named Jenny Sofian as CEO. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Orji Reappointed for Another Term at NSIA

Nigerian President Muhammadu Buhari reappointed Uchechi (Uche) X. Orji as managing director of the Nigeria Sovereign Investment Authority (NSIA). Orji was initially hired on for a 5-year term in October 2012. The renewal term for Orji was approved by the country’s national economic council. In a statement by Femi Adesina, a Buhari spokesman, he said […]


ICD Limits Bond Tap Issue at $200 Million

The Investment Corporation of Dubai (ICD) structured an upper limit on its planned bond tap issue at US$ 200 million with initial price guidance of roughly 4.15%, according to documents released October 10th by one of the banks managing the deal. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to […]


qatar

Despite Blockade, Hassad Food Tries to Export Dates to India

Despite the economic blockade facing Qatar, Hassad Food Company, the sovereign wealth enterprise (SWE) of the Qatar Investment Authority (QIA), started exporting dates to India. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


risk management

Board Approves Mumtalakat to Distribute Profits to National Budget

Mumtalakat Holding Company’s board of directors on September 28, 2017, approved a plan to distribute profits of 20 million BHD. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Press Release – Public Investor 100 Rankings Released for 2017

FOR IMMEDIATE RELEASE 3 October 2017 SEATTLE, WA, UNITED STATES Press Inquiry: vberretta@swfinstitute.org SEATTLE, WA. – 3 October 2017– The Sovereign Wealth Fund Institute (SWFI) has just released its fifth annual Public Investor 100. The list includes the most significant and impactful public investor executives of 2017. The top 100 ranking assembles the most influential […]


qatar

QIA Continues to Realign Large Portfolio Holdings amidst Ongoing Blockade

The Qatar Investment Authority (QIA) is in the midst of thoughtfully realigning some of its major portfolio holdings, which has been partially accelerated by the economic embargo from its neighbors. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


texas

JPMorgan Chase Found in Breach of Estate Administration Duties and Ordered to Pay Billions in Punitive Damages by Texas Jury

JPMorgan Chase & Co. was ordered by a Dallas County Probate Court jury to pay between US$ 4 billion and US$ 8 billion in punitive damages, US$ 4.7 million in actual damages, and US$ 5 million in attorney fees for violating its fiduciary duties and grossly mismanaging the estate of airline technology pioneer Max D. […]


SWFI – Movers and Shakers – October 2, 2017

Alexander Prout Leaves MSIM for Deutsche Asset Management Alexander Prout was hired by Deutsche Asset Management to be head of Asia-Pacific region. He will start, effectively in November 2017. Previously, he was Chief Operating Officer for Global Sales and Distribution at Morgan Stanley Investment Management in New York. Lawrence Kochard Hired on as CIO of […]


Japan’s GPIF Board of Governors Goes Into Effect, CIO and President Terms Extended

Staff at Japan’s Government Pension Investment Fund (GPIF) now has to report to a board of governors. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Robeco Hires Kelvin Leung as PM from SAFE Investment Company

Robeco hired a portfolio manager from SAFE Investment Company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Invesco Moves to Buy Guggenheim’s ETF Business

Invesco Ltd. revealed that they agreed to purchase the exchange-traded fund business of Guggenheim Investments for US$ 1.2 billion in a cash-and-debt deal. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


NZ Super Fund Posts 20.7% Return for June 2017-Year

The New Zealand Superannuation Fund posted a 20.7% return (after costs, before New Zealand tax) for a 12-month trailing period ended June 30, 2017. A good portion of the return was carried on by a prolonged rally in global equity markets. When it came to surpassing the passive benchmark, NZ Super outperformed by utilizing its […]


FCA Refers Investment Consulting Concentration Issue to Competition and Markets Authority

In September, the U.K. Financial Conduct Authority (FCA) formally reached out to the Competition and Markets Authority (a U.K. anti-trust body), through the market investigation reference mechanism, regarding concerns of over concentration in the investment consulting industry. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


FSDEA Reaches Profitability, Assets Grow in 2016

Fundo Soberano de Angola (FSDEA) released its audited financial for the latest fiscal year 2016. FSDEA revealed that total assets grew to US$ 4.99 billion from US$ 4.75 billion in 2015. In addition, FSDEA’s investment portfolio was heavily weighted at 58% toward sub-Saharan Africa. The fund generated US$ 44 million in income, reaching profitability for […]


Nor Mohamed Yakcop to Exit Board of Directors at Khazanah

Nor Mohamed Yakcop, Deputy Chairman of Khazanah Nasional Berhad, plans to exit the board of directors, effective September 30, 2017. Yakcop served on Khazanah’s board for 15 years. He was the longest serving board member at the wealth fund and the only deputy chairman in the fund’s history. On August 6, 2017, Nor Mohamed Yakcop […]