FINALLY: CPPIB Completes Long-Awaited Deal on DJ Basin Oil and Gas Assets

Crestone Peak Resources LLC has acquired the Denver Julesberg Basin oil and gas assets in Colorado from Encana Oil & Gas (USA) Inc., a wholly owned subsidiary of Encana Corporation. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Japan’s GPIF Encounters First Loss in Five Years

Japan’s Government Pension Investment Fund (GPIF), the largest public pension investor in the world, posted a negative return for its latest fiscal year ended March 31, 2016. The fund lost 5.3 trillion JPY (US$ 51.3 billion) for the year, generating a -3.81% return. GPIF joins a cadre of mega public institutional investors that have earned […]

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Gulf Sovereign Funds Had Redeemed Some Big Passive Equity Mandates

Gulf-based sovereign wealth funds and other monetary institutions, which are significantly impacted by the price of oil, continued redemptions in passive equity mandates. From March 2016 to June 2016, State Street Global Advisors witnessed US$ 35 billion of outflows by official institutions. The outflows reflected the current economic reality in the Gulf and need for […]

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Temasek Invests Indirectly into Moncler

Singapore’s Temasek Holdings acquired a stake in Italian/French luxury company Moncler through an equity stake in a newly incorporated investment company from Ruffini Partecipazioni. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Mubadala to Buy 20% of Investcorp

Abu Dhabi-based Mubadala Development Company plans to take a 20% stake in Investcorp Bank BSC, a Bahrain-based alternative investment firm. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Boosting Liquidity, GIC Braces for More Volatility

Singapore’s GIC Private Limited posted a drip in real returns as its 20-year annualized real rate of return fell to 4% from 4.9% from the previous period of fiscal year 2014-2015. GIC investment officials see modest growth prospects, more uncertainty and a higher degree of volatility in the macro economy and markets, according to their […]

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KIC and CDC International Capital Back French Pharmaceutical

CDC International Capital, the multi-asset class investment company of the Caisse des Dépôts Group, along with the Korea Investment Corporation (KIC) has embarked on its first co-investment deal since signing a partnership agreement on June 3, 2016. [ 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

Pension-Backed Insurance Buyer Acquires $1 Billion of Assets from Hartford Financial

U.S. insurer Hartford Financial Services Group Inc. has agreed to sell its operations in the United Kingdom with US$ 1.023 billion in assets. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


OMERS PE and Harvest Partners to Acquire Epiq Systems

OMERS Private Equity, the private equity arm of the Ontario Municipal Employees’ Retirement System, and funds managed by Harvest Partners, LP signed a definitive agreement to acquire Epiq Systems, Inc., a company that provides technology and services for the legal profession. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to […]


Harvard

Harvard Management CEO Resigns

Stephen Blyth, the President and CEO of Harvard Management Company, has resigned for personal reasons, effective immediately. Blyth has been on medical leave since May 2016. Robert Ettl, Harvard Management Company’s chief operating officer, will continue to serve as interim CEO. David Barrett Partners, an executive search firm, has been hired to find a permanent […]


australia infrastructure

QIC and Future Fund Join AGL Energy on Renewable Energy Fund

AGL Energy Limited, Australia’s second largest energy retailer, is partnering with QIC on forming the Powering Australian Renewables Fund (PARF). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Deloitte is the 3rd Major Auditor to Exit 1MDB

Deloitte Touche Tohmatsu Ltd. becomes the third external auditor to leave 1Malaysia Development Berhad (1MDB). Deloitte had audited 1MDB’s financial statements in 2013 and 2014. Deloitte had resigned in February 2016. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CDPQ Provides Funding for Quebec Wind Farm

Caisse de dépôt et placement du Québec (CDPQ) is funding the New Richmond wind farm in Gaspésie, operated by TransAlta Renewables Inc. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Are Chinese Investors Ready to Embrace Risk Parity?

The concept of risk parity has garnered significant attention in the world of U.S. public pensions, especially after the global financial crisis. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, July 26, 2016

TransCanada Mexican Pipeline Stake Lures Interest from Canadian Giants [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Temasek to Poach South China Morning Post’s CEO

Singapore’s Temasek Holdings plans to hire the Chief Executive Officer of South China Morning Post Group. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


canada

PSP Investments and OTPP Buyout Santander in Cubico Sustainable Investments

The Public Sector Pension Investment Board (PSP Investments) and Ontario Teachers’ Pension Plan (OTPP) are going to acquire, in equal proportions, Banco Santander S.A.’s indirect interest in global renewable energy and water infrastructure company Cubico Sustainable Investments Limited, a London-based company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to […]


texas

UTIMCO Could Lower Allocation to Hedge Funds

As annual returns are getting publicly posted by long-term institutional investors, many investment boards are frustrated with their hedge fund portfolios. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


US DOJ Seeks to Recover Money Regarding Corruption Involving 1MDB

On July 20, 2016, the U.S. Department of Justice (DOJ) filed a civil complaint seeking to forfeit and recover more than US$ 1 billion in assets that are associated with a conspiracy to launder funds stolen from 1 Malaysia Development Berhad, or 1MDB. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please […]


SWFI First Read, July 25, 2016

Singapore Strategy, Robeco Plants Roots [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


NBIM Trims Logistics Portfolio, Sells Two East Coast Assets

Norges Bank Investment Management (NBIM), the manager of Norway’s sovereign wealth fund, has sold two U.S. logistics assets, in which it owned a 45% stake in both, that were initially acquired as part of its joint venture with Prologis. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. […]


Temasek Leads Investor Round in Sprinklr

Sprinklr, an emerging company focused on enterprise social technology, raised US$ 105 million, valuing it at US$ 1.8 billion. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CIC Overseas Portfolio Battles Low-Yield Forces

The China Investment Corporation (CIC) suffered a negative return on its overseas portfolio. The portfolio returned -2.96% in 2015 compared to a 2014 return of 5.47%. However, CIC’s total assets rose past US$ 810 billion, beating out the Abu Dhabi Investment Authority (ADIA) in assets under management in terms of SWFI’s sovereign wealth fund rankings […]


X2 Resources Struggles to Move Along

X2 Resources, a fund vehicle that was promoted to scoop up troubled or fire-sale assets in the mining sector, is running into issues with itself as it lost two key investors. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SFERS Moves Large RE Mandate from Deutsche Bank to CIM

The San Francisco Employees’ Retirement System (SFERS) has moved a US$ 700 million separate account mandate in U.S. core and value-add real estate from Deutsche Asset Management to CIM Group. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Friday SWFI News Roundup, July 22, 2016

CPPIB Exits Riocan Trust Property JV Riocan Real Estate Investment Trust will acquire the Canada Pension Plan Investment Board’s (CPPIB) interest in four properties. The trust will purchase CPPIB’s 50% interest for an aggregate purchase price of US$ 352 million. Sara Bonesteel Promoted to New Retirement CIO at Prudential [ Content protected for Sovereign Wealth […]


qatar

QIA Invests with Douglas Emmett in Class A Wilshire Property

In 2015, the Qatar Investment Authority (QIA) announced its intentions to invest US$ 35 billion in the United States over the next five years. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


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