Sovereign Fund Instills Confidence in Credit Suisse

Traders have grown nervous about the current health of major European banking institutions, as credit default swaps tied to certain debt surged among several banks in the past few weeks. Deutsche Bank recently announced a bond buyback to calm markets, showing its ability to pay off debt. The plan is to buyback US$ 5.4 billion [...]

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CPPIB Buys Stake in Large Shopping Centre in Birmingham

The Canada Pension Plan Investment Board (CPPIB) has been looking outside of London for real estate opportunities. Regional markets in England have been on the radar for large foreign asset owners such as CPPIB and Singapore’s GIC Private Limited. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. [...]

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SOFAZ to Include Real Estate Funds in Portfolio

The State Oil Fund of Azerbaijan (SOFAZ) began its initial phase in real estate investing by going direct. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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3 Ways Asset Owners Can Lower Costs

As annual returns diminish and liabilities increase, asset owners such as U.S. public pensions are looking at ways to cut costs. External manager fee costs are exacerbated by more pensions allocating toward private markets versus public markets. 1. Transition Assets to Internal Management This is the path that most large asset owners, US$ 100 billion [...]

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Friday SWFI News Roundup, February 12, 2016

Hammerson Secured Deal Before CPPIB Commitment Xpressbees, an e-commerce logistics subsidiary of FirstCry, raised US$ 8 million from institutional investors such as SAIF Partners and Vertex Ventures, the venture capital unit of Singapore’s Temasek Holdings. Vertex Ventures and SAIF Partners are also investors in First Cry, the baby products e-commerce website business. Canadian Pension and [...]

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Taiwan Insurers Lobby Regulator to Modify Overseas Property Cap

Increasingly, Asian institutional investors are looking overseas to enhance returns, especially in real estate. [ 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
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

3 Ways Sovereign Funds are Enhancing Stock Selection Capabilities

Never mind outsourcing all of your assets to investment managers. Asset-rich sovereign funds and pensions have convinced their stakeholders to boost personnel over the years to save on fees and costs. Clearly, more fixed income and equity assets are being managed in-house than ever before. A major concern for institutional investors on the public side [...]


Will Pensions and Sovereign Funds Ditch FANG Stocks?

Is the worst yet to come for U.S. technology equities such as LinkedIn, GoPro and marketplace giant Amazon.com? First, let’s define FANG for people unfamiliar with the acronym. FANG stands for Facebook, Amazon.com, Netflix and Alphabet (formerly known as Google). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view [...]


CalPERS Offered Massive Loan from Deutsche Bank on NY Office

The California Public Employees’ Retirement System (CalPERS) is moving forward on its US$ 1.9 billion acquisition of a Manhattan office property, 787 Seventh Avenue in New York City. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


RDIF Builds Ties With Mumtalakat

Bahrain’s Mumtalakat Holdings reported to have allocated US$ 250 million into a Russian fund for direct investments and US$ 255 million for select projects. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


New ESG Head for Standard Life Investments

Standard Life Investments named a new head of ESG. This person replaces Guy Jubb who plans to retire on March 31, 2016. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


ECB debt

Will Sovereign Funds Save European Banks?

European banking giants are being savaged in the markets in both bond and equity markets. In fact, Deutsche Bank’s share price is near a record low, closing at US$ 16.88 per share. Other banks facing falling share prices were UniCredit, Credit Suisse, BNP Paribas and Barclays. Deutsche Bank is led by John Cryan, a former [...]


london real estate

Allianz Global Investors Buys Rogge Global Partners

Allianz Global Investors, which already owns fixed income mammoth Pacific Investment Management Company (PIMCO), acquired a 100% stake in London-based Rogge Global Partners, a fixed income specialist company. The seller is Johannesburg-listed financial services firm Old Mutual PLC which owned a 74% stake in the fixed income manager. [ Content protected for Sovereign Wealth Fund [...]


Is Venezuela on the Cusp of Default?

Venezuela has been wrecked by an expansive socialist regime, soaring consumer prices, triple-digit inflation, product shortages, rampant inflation, low oil prices and a dwindling economy. Venezuela was an oil-rich country with a sovereign fund, but under its previous leader Hugo Chávez, the country spent billions to finance expensive social programs and infrastructure projects. Before oil [...]


See the Largest Allocators to Private Equity

Increasingly, sovereign funds and pensions have allocated more capital toward private market investments in the past decade. Some driving forces include prospects for higher risk-adjusted returns, reduced volatility and diversification. Who has the most allocated to private equity? See the largest public institutional investors allocated to private equity Other rankings SWFI staff compiled a global [...]


SWFI First Read, February 7, 2016

Mongolia’s Parliament Passes Law on SWF Mongolia’s State Great Hural, the country’s unicameral parliament, passed a law on sovereign wealth funds. Slyngstad Raises Concerns About Volkswagen’s Ownership Structure In an interview published Febraruy 6, 2016 with Frankfurter Allgemeine Sonntagszeitung, Yngve Slyngstad, CEO of Norges Bank Investment Management stated, ” I don’t think the family wants [...]


Year of the Fire Monkey

2015 started off great, but finished weak. With three bullets of quantitative easing (QE) and forward guidance from the U.S. Federal Reserve, one would assume 2016 would have some level of positivity. 2016 is the year of the Fire Monkey and with that institutional investors need to be aware of hidden risks and signals. Large [...]


Friday SWFI News Roundup, February 5, 2016

GoPro Gets Smacked with Suit San Mateo-based GoPro, Inc. got hit with a complaint alleging violations of the federal securities laws on February 4, 2016. Leading the charge is law firm Robbins Geller Rudman & Dowd LLP. The allegations are based on false and misleading statements which include the strength of demand for GoPro’s traditional [...]


2015: Norway Divested from 73 Companies

Norway’s Government Pension Fund Global (GPFG) recently issued its annual responsible investment report revealing they divested from 73 companies in 2015 following an assessment of environmental and social risk factors. The divestment decisions are made by the manager of the fund, Norges Bank Investment Management (NBIM). NBIM uses its guidance under the management mandate. In [...]


SWFI First Read, February 4, 2016

QIC Chief Investment Officer Resigns Adriaan Ryder, the chief investment officer of Brisbane-based QIC, has resigned to accept an investment executive position at a large Middle Eastern investment organization. Ryder performed a number of executive roles at QIC. He has been instrumental in forming an investment network of pensions and sovereign funds for QIC. Ryder’s [...]


Asian Infrastructure Investment Bank Makes Senior Appointments

Hong Ki-taek, the current chairman of the Korea Development Bank, has been selected as vice chief of the China-initiated Asian Infrastructure Investment Bank (AIIB). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Wealth Funds Not Immune from Lawsuits Says U.S. Appeals Court

The 2nd U.S. Circuit Court of Appeals stated that foreign sovereign wealth funds are not automatically immune from U.S. lawsuits. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


AIMCo Names New Chief Risk Officer

Alberta Investment Management Corporation (AIMCo), manager of funds which include Albertia’s Heritage Fund, hired Remco van Eeuwijk as chief risk officer. He replaces John Osborne who left AIMCo. Remco van Eeuwijk will report to AIMCo’s CEO Kevin Uebelein and serve on the corporation’s executive committee. Before taking this role, Remco van Eeuwijk was U.K. managing [...]


LOGISTICS: Macquarie and Ivanhoe Cambridge Acquire LOGOS Property Group

Global asset owners such as Canadian pensions and sovereign wealth funds are acquiring and getting exposure to logistic properties. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Laricina Energy Exits Credit Protection, CPPIB Now Owns

Calgary-based Laricina Energy Ltd., a junior oil sands developer, which received capital over the years from wealth funds such as the Korea Investment Corporation (KIC) and pensions, exited court protection from lenders granted last March under Canada’s Companies’ Creditors Arrangement Act. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to [...]


SWFI – Movers and Shakers – February 3, 2016

Gary Dokes Leaves Arizona State Retirement System for Arizona Community Foundation The Arizona State Retirement System is losing its chief investment officer Gary Dokes to a local non-profit charity. Dokes has been hired as CIO of the US$ 760 million Arizona Community Foundation. Dokes will work with the foundation’s investment consultant firm Pavilion Advisory Group [...]


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