Friday SWFI News Roundup, September 4, 2015

Texas Teachers Goes to London The Teacher Retirement System of Texas, a pioneer for U.S. pension funds, is opening up an office in London. The pension fund is looking into more European deals and opportunities. The office will be headed by Vaughn Brock who is the pension fund’s director of special projects. Sovereign Fund and [...]

Read more

Russian Direct Investment Fund and Silk Road Fund Strengthen Ties

Over the past three years, China and Russia have been brought closer together, both economically and politically. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Read more

Miramax Investors Hire Bankers for Sale

Famous movie studio Miramax is officially for sale. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Read more

Middle East Sovereign Fund Boosts Position in Mylan

Mylan NV, a global pharmaceutical company that focuses on generics and some specialty drugs, wants to acquire Perrigo Company plc, another pharmaceutical company. In late August, shareholders of Mylan approved the company’s offer to buy Perrigo. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Read more

How Investors Are Leaving Billions on the Table

This article is sponsored by Goal Group. Written by Noah Wortman The degree to which fund managers and custodians have a fiduciary responsibility to ensure that their clients have the opportunity to participate in securities class and collective redress actions is a hotly debated subject. Securities class actions have been moving away from the relatively [...]

Read more

AP3 Partners with Sveafastigheter

The third Swedish pension buffer fund AP3 has elevated its head of asset management to chief investment officer. Mårten Lindeborg is chief investment officer and deputy CEO, replacing Kerim Kaskal who is leaving AP3 to start his own asset management company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to [...]

Read more

PARTNER CONTENT AND RESEARCH


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

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

GIC Kicks in $300 Million in Indian RE JV

Singapore’s GIC Private Limited is kicking in US$ 300 million to invest in a real estate joint venture in India. The wealth fund has made active strides in real estate developments in core cities across the subcontinent. The joint venture is with New Delhi-based real estate developer DLF Home Developers Ltd, a wholly-owned subsidiary of [...]


From All Sides, Sovereign Funds Hold Tight

Markets jittered last week, but it did not stop sovereign funds from embracing markets in various asset classes. Wealth funds like the New Mexico State Investment Council have committed capital to real estate funds in these markets. Meanwhile, Australia’s Future Fund has boosted its cash reserves from 11.2% of assets from June 2014 to 19.5% [...]


Kuwait Sovereign Fund Leads Round in Cloud Software Company

  According to the Sovereign Wealth Fund Transaction Database (SWFTD), sovereign funds and pensions are leading more venture capital rounds in technology companies. For example, OMERS Ventures, the venture unit of OMERS, is a major investor in a number of prominent Canadian startups like Shopify and Hootsuite. [ Content protected for Sovereign Wealth Fund Institute [...]


BNY Mellon Hires Michelle Neal to Lead Markets Group

In 2014, BNY Mellon combined its global collateral services, global markets and prime services units into the BNY Mellon Markets Group. BNY Mellon has hired Michelle Neal as president to lead that group. Neal will begin her new role on November 30, 2015. She is replacing Kurt D. Woetzel and will report to Curtis Arledge, [...]


Analyzing Environmental Factors for Corporate Bonds

With less than 100 days until the Paris climate summit dubbed 21st United Nations Conference of the Parties (COP21), institutional investors are taking a gander of potential policy changes that could impact their portfolio and holdings. Corporate fixed income is a staple for a clear majority of public institutional investors. The incorporation of environmental factors [...]


UPDATE: Investors Lineup for Tesco’s Homeplus

UPDATE: September 1, 2015. It looks like the investor group consisting of MBK Partners, CPPIB, Temasek Holdings and Korea’s National Pension Service appears to be the preferred bidders and has won exclusive negotiating rights with an offer worth about $6 billion. Institutional investors are bidding for Tesco’s South Korean unit called Homeplus Co Ltd. It [...]


Japan’s Chikyoren Awards 11 Mandates

Japan’s Chikyoren, formally known as Pension Fund Association for Local Government Officials, awarded 11 active, global bond mandates to investment managers. The pension system has US$ 173 billion in assets and has around 11.4% allocated to international bonds. Institutional Investor Profile of Chikyoren See the Winners – Fixed Income Managers [ Content protected for Sovereign [...]


Most Popular Overseas Office for Sovereign Funds

Despite the current gloom of equity markets and a “never-ending” low-yield environment, sovereign investors are continually seeking new markets to tap into. As sovereign wealth funds and large pensions grow in assets under management and expand geographic portfolio diversification, the need to open up an overseas office to source investments becomes real. Sovereign funds have [...]


SWFI First Read, August 31, 2015

Oman’s SGRF Signs Cooperation Agreement with Oman Oil Company Oman’s State General Reserve Fund (SGRF) and state-owned Oman Oil Company have signed an agreement that will form a strategic cooperation partnership. The cooperation between SGRF and Oman Oil Company S.A.O.C will hone in on developing people skills within their organizations, backing small-to-medium businesses and knowledge [...]


reinsurance sovereign wealth fund

Should U.S. Pensions Lower Their Discount Rates?

Increasingly, public defined benefit plans across the United States are lowering their discount rates. This trend accelerated after the global financial crises of 2008. Changes in the investment outlook toward a low-yield environment has forced pension funds to rethink what returns can they really achieve. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers [...]


A Cautionary Tale in Cyprus

A paradise for European tourists, Cyprus has been a never-ending nightmare for depositors and bondholders of local financial institutions. For quite some time, before the island’s financial crisis, Cyprus has marketed itself as an offshore financial center, aka tax haven. Between 2004 and 2010, Cyprus banks grew to 9x gross domestic product, a trait similar [...]


Seoul

Woori Bank Might Finally Have a Buyer in the Gulf

The South Korean government has been trying to sell its ownership stake in a financial institution that it bailed out. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Friday SWFI News Roundup, August 28, 2015

Can Risk Parity Hurt the Recovery? Many institutional investors, especially U.S. pensions, have adopted the concept of risk parity and have applied it to their portfolios. There are estimates that around US$ 500 billion in assets are allocated to risk parity strategies and about 40% of those assets are allocated toward listed equities. The recent [...]


Yngve Slyngstad

NO WORRIES: Norway’s Sovereign Wealth Fund is Long-Term

Media headlines have splashed about Norway’s sovereign wealth fund shrinking by more than 5% in one month. The fund owns 1.3% of all global equities – an astounding figure. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


RISK: China’s Selling Treasuries to Help Fund Yuan Stabilization

China is at serious risk of burning tens of billions of foreign reserves to keep the yuan stabilized. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Asian Sovereign Wealth Fund VC Roundup – August 27, 2015

Wealth Fund Backs Beats Competitor Shenzhen-based 1More Inc., an audio device company established by three former Foxconn executives, is looking to challenge Apple’s newly prized Beats Electronics LLC. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


POWERS UNITE: TIAA-CREF, AP1 and AP2 Pool European RE Portfolios

The Swedish buffer funds AP1 and AP2, along with TIAA-CREF have pooled their European real estate portfolios together to form a €4 billion joint venture called Cityhold Office Partnership. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Everyone Wants a Robo-Advisor, Right?

Is the financial technology sector in a bubble? Are there too many terms like smart beta and robo-advisors? Apparently not, and the concept of robo-advisors is gaining traction as another way for asset managers and technology-centric service providers to channel their products through sleek graphical user interfaces (GUI). Strategies and consultancy firms profess a trend [...]


PGGM Part of Group That Buys Palamon PE Interests

Credit Suisse Private Funds Group has held an auction to sell stakes in two private equity funds managed by London-based Palamon Capital Partners, a pan-European private equity firm.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI – Movers and Shakers – August 26, 2015

D’Eramo Leaves State Street for Executive Role at RBC Investor & Treasury Services Don D’Eramo is taking a new job at RBC Investor & Treasury Services as managing director, head of distribution & product development, securities finance, for its treasury & market services activity. The role is based in Toronto and he will report to [...]


SUBSCRIBE NOW AND ENJOY FULL ACCESS TO THE SWFI
RFPs, Allocations and Opportunities

> Get Full Access to swfinstitute.org, compass and transaction database
> Receive Print Issue of Sovereign Wealth Quarterly
> Email: support@swfinstitute.org

Your E-mail...
x