Follow the Money – Episode 18

In this brief episode, I focus on real estate, private equity and financial technology such as the Ripple protocol. I bring up some major news notes regarding Informatica’s planned IPO, German banks and shipping loans and wealth funds desiring to be more opportunistic. I also touch upon the latest private equity report on sovereign wealth […]

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UniSuper Extends Investment in Sydney Water Filtration Plant

UniSuper, a large superannuation fund, extended the term of its infrastructure investment in a Sydney water filtration plant to year 2035. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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SWFI First Read, August 25, 2016

JPMorgan Wins Custodial Mandate from Club Plus Super Club Plus Super, a superannuation fund with more than A$ 2.2. billion in assets under management, selected JPMorgan as it custody and fund services provider. This was after a competitive tender process. Club Plus Super will transition its services to JPMorgan before the end of the year. […]

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Abu Dhabi Fund for Development Deposits $1 Billion in Central Bank of Egypt

The Egyptian government is running short on cash. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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What Does Sovereign Wealth Have to Do with Leonardo DiCaprio?

The notorious sovereign fund embezzlement scandal involving Malaysian financier Jho Low has entangled a number of the Hollywood elite, including well known star Leonardo DiCaprio. The intricate scandal centers on the alleged abuse of funds at 1Malaysia Development Bhd., also known as 1MDB. 1MDB is known as a strategic development sovereign wealth fund (SDSWF), a […]

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Qatar Investment Authority Invests in Empire State Realty Trust

The Qatar Investment Authority (QIA) acquired a 9.9% economic and voting interest in the Empire State Realty Trust Inc. through newly-issued shares. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Possible Solution: Chinese Wealthier Pensions Could Support Poorer Ones

China’s wealthier coastal regions, benefiting from industrial production and trade, could end up partially subsidizing the less wealthy interior part of the country. A number of China’s provinces are experiencing widening pension gaps. [ 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

SWFI First Read, August 24, 2016

Informatica Aims to go Public, CPPIB and Permira Should be Happy [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Insurance Executive to Oversee Central Huijin

Caixin reports that Bai Tao, a vice president at China Life Insurance (Group) Co., is expected to be named President of Central Huijin Investment Ltd. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Ping An Invests in South SF Life Sciences Complex Development

Shanghai-listed Greenland Group led a group of investors to buy a 42-acre waterfront site in South San Francisco, California to be called The Landing at Oyster Point. The site is for a US$ 1 billion life sciences complex. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


texas

AIMCo Invests in Howard Energy Partners

Alberta Investment Management Corporation (AIMCo), a public investor that also oversees Alberta’s Heritage Fund, agreed to buy up to US$ 500 million of Series B Preferred Units of San Antonio-based, Howard Midstream Energy Partners, LLC (Howard Energy Partners). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


KKR and SWF Buy Massive Shipping Loan Portfolio

The shipping industry is under higher stress and German banks are highly exposed it – queue sovereign funds and private equity firms. German banks and other financial institutions are some of the largest lenders to the global shipping industry. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. […]


Canadian Pensions Compete with Private Equity on Indian Analytics

Brand-name private equity funds and other public asset owners, such as sovereign funds and pensions have rolled their sleeves up, eyeing potential technology deals in India within sub-industries such as enterprise software, e-commerce, outsourcing and big data. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Opportunity Cost Model

Smart Beta: NZSF Moves NZ$ 600 Million to Two New Factor Strategies

Increasingly, asset owners such as sovereign funds and long-term pensions have embraced smart beta or factor-based investment strategies to enhance return and lower investment cost for beta. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Are Institutional Investors Out of the Woods?

As institutional investors glaze over inflation expectations, many are mystified with the recent global equity rally. Wasn’t post-Brexit supposed to deliver a wave of chaos to markets? Should investors thank the Bank of England for its recent actions or was there over-panic regarding Brexit? Astonishingly, the Citi G10 Economic Surprise Index has risen to recent […]


Friday SWFI News Roundup, August 19, 2016

Temasek Sells 21% Stake in Intouch Holdings to Singtel Singapore’s Temasek Holdings, through its sovereign wealth enterprises, is selling a 21% stake in Intouch Holdings, a Thailand telecommunications conglomerate formerly known as Shin Corporation, to Singtel for S$ 2.47 billion. Singtel is 51% owned by Temasek. Singtel is funding the transaction by issuing short-term debt, […]


SWFI First Read, August 18, 2016

Goldman Sachs Takes Minority Stake in Littlejohn Goldman Sachs Alternative Investments, part of Goldman Sachs, has purchased a non-voting minority stake in private equity firm Littlejohn & Co. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


BRIEFING: Sovereign Funds Hold Steady on Private Equity Allocation

Sovereign wealth funds are major allocators to private equity in all forms, whether in private equity funds, co-investing or direct investing. As of June 2016, total sovereign wealth fund assets amounted to US$ 7.37 trillion. Sovereign Wealth Fund Private Equity Allocators – 2016 Sovereign Wealth Fund Private Equity Allocators – 2015 Traditionally, public pensions have […]


Norway Sovereign Fund Generates 1.3% Return for 2nd Quarter 2016

Norway’s Government Pension Fund Global (GPFG) is one of the most written about sovereign funds. The massive sovereign fund had struggled in first quarter performance, while the fund dealt with a 24 billion kroner withdrawal in the second quarter of 2016 from the Norwegian government. However, the fund posted a 1.3% return for the second […]


Follow the Money – Episode 17

In this episode, I cover sovereign funds and pensions amplified interest in emerging market debt and the reasons why. I also discuss some of the ongoing issues and events associated with smart beta and factor-based investing. There is also coverage over developments with Kazakhstan oil, renewable energy investing and core real estate. I also brought […]


Danish Labor Investor PKA Backs Massive Biomass Plant in UK

Danish labor-market pension entity Pensionskassernes Administration A/S (PKA) has invested in the world’s largest new-build biomass plant. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, August 16, 2016

CPPIB-Backed Crestone Peak Resources Names Buchanon As CEO Crestone Peak Resources, an oil and natural gas exploration and production company that is 95% owned by Canada Pension Plan Investment Board (CPPIB), named Tony Buchanon as chief executive officer. Buchanon was also named to Crestone Peak’s board of directors. He recently worked as Executive Vice President, […]


Bain and Landor Associates Win Advising Mandate on Mubadala-IPIC Merger

The Government of Abu Dhabi have signed contracts with Bain & Co. and Landor Associates to advise on the merger of Mubadala Development Co. and International Petroleum Investment Company (IPIC). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Top 3 Deadly Mistakes CalPERS Had Made in Institutional Real Estate

The California bear-of-an-investor has struggled with its public fund peers when it comes to real estate return performance. With roughly US$ 31.8 billion generously allocated toward real assets, the California Public Employees’ Retirement System (CalPERS) continues to compete for real estate in developed markets such as North America and Europe. Here are three major mistakes […]


GIC Hearts Manufactured Homes

Sovereign wealth funds are investing in nearly all levels of real estate, from parking meters to New York City skyscrapers. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


BlackRock NY

McInnis Cement Project Gets More Money, Control Changes

The McInnis Cement project, located in Quebec’s Gaspé peninsula, has tacked up significant cost overruns, drawing the attention of local media. Investors called for an assessment regarding the project. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Asset Owners Tepidly Embrace Emerging Market Debt Again

Is it scarier investing in a double-digit yielding government bond from an emerging market or a negative-yielding sovereign bond from the West? 2016 has been the year of sinking government bond yields. Satisfying income-starved asset owners such as pensions has become a major obstacle for both internal fund management and external fund managers. For the […]


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