Public Pension

Follow the Money – Episode 39

Michael Maduell, President of SWFI, interviews Noah R. Wortman, Managing Director, Americas & Global Head of Class Action Services, Goal Group of Companies. Michael and Noah discuss trends in the class action space with regard to institutional investors such as sovereign wealth funds, pensions, endowments and other share owners. Download the Episode CONTENTS 1:40 Why […]


australia infrastructure

Under Pressure to Raise Capital, ANZ Sells Pension Business to IOOF

IOOF Holdings Ltd (IOOF) agreed to acquire Australia and New Zealand Banking Group Ltd’s (ANZ) OnePath pensions and investment unit and four aligned dealer groups – collectively known as ANZ Wealth Management – for A$ 975 million (US$ 766 million) in a deal expected to close within the next 12 months. The transaction will substantially […]


BNY Mellon Manhattan

BNY Mellon Wins Global Custodial Mandate from Singapore NTUC Income

Bank of New York Mellon (BNY Mellon) won a global custodial mandate from NTUC Income Insurance Co-operative Limited, a Singapore-based insurer that was formed in 1970. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


ESG Incorporation into Bonds, GPIF and World Bank Analyze

Japan’s Government Pension Investment Fund (GPIF) and the World Bank Group have announced plans to develop a joint research program to help foster practical methods for integrating environmental, social, and governance (ESG) considerations into investment decisions for fixed-income portfolios, with the ultimate goal being to direct more capital towards sustainable investments. As part of its […]


PKA Backs Micro-Loan Services in Latin America and Africa

European pensions are analyzing potential investments in micro loans. Danish labor-market pension entity Pensionskassernes Administration A/S (PKA) has invested 250 million DKK (US$ 39.8 million) in the Maj Invest Financial Inclusion Fund II, which targets financial institutions that provide micro-loans to lower and middle-class borrowers in Africa, Asia, and Latin America. [ Content protected for […]


SWFI – Movers and Shakers – October 11, 2017

UC Berkeley Endowment Names New Chief Investment Officer The endowment of the University of California Berkeley named David McAuliffe as chief investment officer. He was at the University of Washington Investment Management Company for at least 11 years, last serving as a senior investment officer. McAuliffe is replacing John-Austin Saviano, who helped form the investment […]


UBS Wins Huge Passive Mandate from ACCESS

ACCESS is an alliance of 11 U.K. local government pension schemes, touting £34 billion in combined assets. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


PGGM Board Unanimously Appoints Edwin Velzel to Become New CEO

The supervisory board of PGGM – manager of the €185 billion (US$ 218.5 billion) Dutch pension fund Pensioenfonds Zorg en Welzijn – voted unanimously on Thursday for Edwin Velzel to serve as PGGM’s new CEO, effective November 1, 2017. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. […]


International Paper Transfers $1.3 Billion in Pension Liabilities via Group Annuity with Prudential

Memphis, Tennessee-based International Paper Company has announced the transfer of approximately US$ 1.3 billion in U.S. pension plan liabilities through a group annuity contract with Prudential Insurance Company of America, Inc., effective October 3, 2017. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Loomis Sayles Names New Head of Relationship Management Division

Boston-based Loomis, Sayles & Co. named James A. Sia to replace Erick Kuchar as head of its relationship management division, where he will oversee the firm’s client portfolio management teams located in its U.S., London, and Singapore offices. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Brunel Pension Partnership Awards Multi-Service Mandate to State Street

The Brunel Pension Partnership (BPP), a partnership between 10 local government pension schemes (LGPS) in the south and west of England, awarded a multi-service mandate to State Street worth £28.4 million. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Nippon Life Eyes 20% Stake in TCW from Carlyle Group

Nippon Life Insurance Company is in negotiations with The Carlyle Group LP for a 20% stake in TCW Group Inc., a Los Angeles-based fixed income shop. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Schroders Hires BlackRock Veteran for Solutions Business

Charles Prideaux joined Schroders as head of its solutions business. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Korean Public Funds Funnel Money into U.S. Logistics

Korean financial institutions, through Mirae Asset Global Investments Co. Ltd. committed 54 billion KRW (US$ 48 million) in mezzanine debt that is securing two warehouses in Florida and Massachusetts. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


factor investing growth

APG Allocates to Chinese A-Shares with ESG Focus

APG Asset Management committed €250 million toward a China A-shares strategy with a focus on environmental, social and governance (ESG) criteria. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI Survey: Large Long-Term Asset Owners Cool on Listed Infrastructure

Sovereign wealth funds, public pensions, endowments and other asset owners have steadily increased allocation to infrastructure over the past six years, according to asset allocation data from SWFI. However, hundreds of billions of capital allocated to infrastructure remain idle. According to the third quarter 2017 Global Asset Owner Survey conducted by SWFI, a large number […]


SWFI – Movers and Shakers – September 11, 2017

Washington University Investment Management Company Names New CIO – Scott L. Wilson Washington University Investment Management Company (WUIMC) appointed Scott L. Wilson as chief investment officer (CIO), effective December 1, 2017. Wilson is currently CIO at Grinnell College. He is succeeding Kimberly G. Walker who stepped down as CIO of WUIMC in 2016. In his […]


Should CalPERS Outsource its Private Equity Portfolio to BlackRock?

The California Public Employees’ Retirement System (CalPERS) is a bellwether pension investor in private equity, investing in funds, co-investments and separate accounts – even directly into the private equity firms themselves. CalPERS has contemplated the idea of building an internal private equity direct deal team (not just allocators to managers), similar to what the Canadian […]


SWFI Global Asset Owner Survey Discovers Investors View US Tax Reform as Driver for Equities

According to the SWFI Global Asset Owner Survey taken in August 2017, institutional investors are looking to overweight in international and global equities, while pulling back in listed infrastructure and U.S. passive fixed income. The quarterly survey targets sovereign funds, pensions, endowments, superannuation funds, foundations, government funds, family offices and other asset owners. Totaled estimated […]


seattle

Michelle Seitz Named CEO of Russell Investments

Michelle Seitz will become Chief Executive Officer at Russell Investments. She will also become Chairman of Russell Investments, effective January 1, 2018. She is replacing Len Brennan who is serving as Chairman of Russell Investments through the end of 2017. Brennan will remain on as a strategic advisor at Russell Investments. Previously, Seitz led the […]