Mubadala Seeks to Raise Debt Capital

Abu Dhabi’s Mubadala Development Co. has hired a trio of banks for a bond sale. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Qatar SWF Reduces Stake in Glencore

A change occurred in Glencore’s shareholder base, a company run by billionaire Chief Executive Officer Ivan Glasenberg. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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london

Wealth Fund Gets Heron Tower Refinancing

The tall 46-storey skyscraper Heron Tower, now called Salesforce Tower, in London was able to score a refinancing of £400 million. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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QIA and Ascott Acquire Islington London Property

CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited, is acquiring an Edwardian property in Islington, London through its serviced residence global fund with sovereign fund Qatar Investment Authority (QIA). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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CPPIB and Cinven Acquire Hotelbeds

Institutional investors are on the lookout for fast-growing online booking companies with strong organic growth. Global travel technology is an investment theme for a number of sovereign funds and large pension investors. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Norway SWF Reports First Quarter Loss in 2016

Norway’s Government Pension Fund Global (GPFG), posted a -0.6% return for the first quarter of 2016, losing 85 billion NOK. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Why Facebook’s Share Plan Should Alarm Pensions and SWFs

Social networking giant Facebook is seeking to issue a new class of shares in a bid to permit its founder Mark Zuckerberg the ability to maintain greater control. Zuckerberg is keen on creating a new class of stock with no voting rights, a practice that many U.S. pensions frown upon. For example, the California Public […]

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PARTNER CONTENT AND RESEARCH


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

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

Kenmare Resources Attempts to Line Up Equity Financing

Kenmare Resources plc, a miner of titanium minerals and zircon, is seeking to secure capital. Kenmare operates the Moma Titanium Minerals Mine in northern Mozambique. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, April 28, 2016

KIC May Be Ready to Announce New Chief Investment Officer [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Princeton Pays High Fees, Managers Deliver

Princeton has the third largest endowment in the United States, just edging out Stanford University. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Maduell on CNBC: This is Where Sovereign Wealth Funds are Investing

This is an interview with Michael Maduell on Squawk Box via CNBC Asia. To play the VIDEO, go to CNBC Asia here CNBC interview: “More sovereign wealth funds are investing in real estate which is considered a more stable, long-term investment, says Michael Maduell from SWFI.” Date: April 27, 2016


private equity

DTCC-Euroclear Margin Utility Postponed till 2017

A margin service launched by Euroclear and The Depository Trust & Clearing Corporation (DTCC), two of the world’s biggest settlement firms, plans to go live in 2017, after experiencing several delays. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


China Wealth Fund Backs Alibaba Finance Affiliate

Zhejiang Ant Small & Micro Financial Services Group Co. (Ant Financial), a entity controlled by Alibaba founder Jack Ma, raised a massive US$ 4.5 billion in Series B capital to fund a bid for global expansion. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Temasek Restructures Organization, Names Appointments

Singapore’s Temasek Holdings has realigned its organizational structure to address headwinds in global markets. According to a press release, CEO of Temasek International, Lee Theng Kiat, said, “On the institution front, we will use the opportunity to further build agility, alignment, and accountability, as we continue on our journey to being a high-performing global organisation.” […]


ERAFP Names New Head of Manager Selection

The French Public Service Additional Pension Scheme (ERAFP) named Olivier Bonnet as head of asset manager selection starting in May 2016. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, April 26, 2016

CDPQ Announces Major Infrastructure Project CDPQ Infra, a subsidiary of Caisse de dépôt et placement du Québec (CDPQ), announced plans for its Réseau électrique métropolitain (REM), an integrated public transportation project. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


state street

State Street Wins GPIF Custodial Alt Mandate

Japan’s Government Pension Fund Global (GPIF) awarded a mandate to State Street Trust and Banking Co. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Norway SWF Withdrawals on Path to Exceed Original Estimate

Amid low oil prices and a challenging economy, Norway’s government has tapped its sovereign wealth fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CalSTRS

CalSTRS to Embrace Risk Mitigation Strategies

The California State Teachers’ Retirement System (CalSTRS) is prepping a risk mitigation portfolio, prompting to move some US$ 16 billion toward these strategies. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Oman SGRF Goes with Nasdaq BWise on ERM Offering

Oman’s State General Reserve Fund (SGRF) selected Nasdaq BWise to support their enterprise risk management (ERM) processes based on the principles of the COSO ERM methodology. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Florida SBA Adopts Smart Beta

The Florida State Board of Administration (SBA) has embraced smart beta, in a bid to slowly move away from capitalization-weighted benchmarks, while looking to lower active management fees. Many large pensions are looking to use factor-based investing to lower manager costs, according to SWFI research. Institutional Investor Profile of Florida’s SBA [ Content protected for […]


SWFI – Movers and Shakers – April 22, 2016

Manning & Napier CEO to Retire for Personal Reasons [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SOVEREIGN WEALTH: Hines Wins Large Mandate in Manhattan

Norway’s wealth fund continues to be a major institutional investor in U.S. core real estate. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Friday SWFI News Roundup, April 22, 2016

Volkswagen Doubles Provisions to Pay for Emissions Scandal Volkswagen AG, which is backed by many institutional investors such as the Qatar Investment Authority (QIA), has doubled provisions to pay for the emissions-cheating scandal. The new amount is €16.2 billion compared to the older amount of €6.7 billion. CIC Hungers for Fried Chicken An investment group […]


First Quarter 2016 Real Estate Update: Marcus and Millichap

This article is sponsored by Marcus & Millichap. Across the country and across all sectors, there was a decrease in “activity” and transaction velocity in the first two months of 2016 from the strong pace of 2015. There does not seem to be a consensus on the reasons why, but industry professionals cite severe-stock market […]


The Most Lucrative Mandates from GPIF for FY2014

Japan’s Government Pension Investment Fund (GPIF) trimmed two members from its investment advisory committee. The committee is legally only allowed to have up to 11 members, which is overseen by Japan’s Welfare Ministry. Two members that were not renominated are Yasuhiro Yonezawa and Sadayuki Horie. On another note, see the most lucrative mandates by external […]


GIC Reorganizes Senior Roles

Singapore’s GIC Private Limited announced a reorganization of senior roles and the creation of new positions. These changes will take effect from June 1, 2016. According to the press release, Lim Siong Guan, Group President of GIC, said, “The new senior appointments enhance the development of a strong leadership bench for GIC, allowing us to […]


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