Temasek Acquires Remaining Stake in GTT from Total

A Singapore sovereign wealth fund is solidifying its liquefied natural gas (LNG) strategy by investing capital all along the energy supply chain. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Growing Group of Asset Managers Embrace the Adoption of Smart Beta

Smart beta strategies continue to gain significant ground among institutional investors such as sovereign wealth funds, pensions and other pooled retirement funds. Jokingly, a number of fundamental managers may perceive smart beta as the blackest black magic; however, it is garnering the short-spanned attention of asset manager chief executives. Recently, Victory Capital Management acquired the [...]


New Zealand Superannuation Fund Invests in Company That Uses Gas-Eating Microbes

Increasingly, sovereign wealth funds are partaking in growth and expansion investments. The New Zealand Superannuation Fund (NZSF) has invested US$ 60 million in equity in Skokie-based LanzaTech, a gas fermentation company. The company was founded in New Zealand in 2005 with just one employee. The company migrated its headquarters to the United States. LanzaTech converts [...]


sovereign wealth fund center asia

ASIA RISING: December Asian IPOs Attract Sovereign Wealth Funds

China’s growing economy has surpassed the United States. A grouping of Asian initial public offerings (IPO) are set before the New Year. IPOs like Alibaba Group have boosted financial markets, uplifting the Asia-Pacific region to attract institutional investors such as hedge funds, sovereign wealth funds and insurance companies. [ Content protected for Sovereign Wealth Fund [...]


Singapore Sovereign Wealth Fund Invests in PE-Backed High-Speed Trading Firm

Singapore’s Temasek Holdings is investing in a stake in New York-based Virtu Financial LLC, a high-frequency trading firm. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


blackstone

PAYDAY: Singapore Sovereign Wealth Fund Loves Logistics

Update – December 8th It was originally reported that GIC Private Limited was the sole investor in IndCor Properties and that Global Properties Logistics denied involvement. We can now confirm that Global Properties Logistics is the lead investor. There were reports that Global Logistic Properties Limited (GLP) was participating on the deal. On December 8th, [...]


3 Things Family Offices Do Better Than Pension Fund Investors

Where do the super rich go to manage their money? Often times, the needs of wealthy people cannot be met with a financial advisor or bank, thus the creation of the family office – a vehicle reserved to manage the financial and personal affairs of a wealthy family. Microsoft founder Bill Gates, worth an astounding [...]


JP morgan

French Pensions Reserve Fund Hires 3 New Managers for Active Japanese Equities

Fonds de Réserve pour les Retraites (FRR), also known as the Pensions Reserve Fund, has awarded mandates to three fund managers to manage €450 million in active Japanese public equities. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Oil Prices Falling, CalSTRS Awards 2 Mandates for CTA

The California State Teachers’ Retirement System (CalSTRS) has awarded two commodity trading adviser (CTA) mandates. These managers plan to take long/short positions in a variety of markets including bond, stocks, commodities and currency markets. These allocations are being assigned to the pension’s US$ 1.2 billion silo for risk and innovation. [ Content protected for Sovereign [...]


ports sovereign wealth

Qatar Sovereign Fund Invested $1.8 Billion in Brookfield Property

Brookfield Property Partners LP, through Brookfield Property LP, issued US$ 1.8 billion of preferred equity securities exchangeable into units at a price of US$ 25.70 to the Qatar Investment Authority (QIA). This deal occurred on December 4, 2014. The QIA has about a 9% interest in Brookfield Property on an as-exchanged basis. [ Content protected [...]


OPTrust Appoints Hugh O’Reilly as CEO and President

The Ontario Public Service Employees Union Pension Plan’s (OPTrust) board of trustees has appointed Hugh O’Reilly to be the next president and CEO – the 3rd in its history. O’Reilly is replacing William (Bill) Hatanaka who plans on officially leaving December 31, 2014. O’Reilly will start effective January 5, 2015. Hatanka, a former senior executive [...]


NO DEAL: Board of Songbird Estates Rejects QIA and Brookfield’s Latest Offer

The Songbird Estates’ board rejected the December 4th joint bid by the Qatar Investment Authority (QIA) and Brookfield Property Partners. Brookfield and QIA had made a final offer of 350 pence per share to takeover the entire share capital of the company. The offer was not high enough for Songbird’s board. The company’s board sets [...]


BREAKING – Qatar Sovereign Wealth Fund Backs Uber

The Wall Street Journal has reported that Uber raised a US$ 1.2 billion round of capital, giving the startup a valuation of US$ 41 billion. Uber has been posting hundreds of millions of dollars in revenue per annum. On January 7, an SWFI article was posted called, “Uber Could Use Sovereign Wealth Fund Money,” explaining, [...]


Friday SWFI News Roundup, December 5, 2014

QIA and Brookfield Up the Bid for Songbird Estates The Qatar Investment Authority (QIA) and Brookfield Property Partners have raised their joint bid for Songbird Estates, the entity that majority owns the Canary Wharf estate. The QIA and Brookfield displayed their new all-cash offer of 350 pence per share straight to shareholders. Both are current [...]


sovereign wealth deal

Malaysia’s KWAP Has Exposure to 1Malaysia Development Berhad

Malaysia’s Kumpulan Wang Amanah Pencen (KWAP) which manages government pension money has some exposure to 1Malaysia Development Berhad (1MDB). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


BNY Mellon Manhattan

Activist Hedge Funds Pick on BNY Mellon

BNY Mellon has capitulated and awarded a board seat to activist hedge fund Trian Fund Management LP. The bank wants to avoid, what could be a long, drawn out proxy battle with the hedge fund. As of September 30, 2014, according to SEC data, Trian owns a 2.57% stake in BNY Mellon. To accommodate the [...]


Norway’s Sovereign Wealth Fund Walks Tightrope with Environmentalists

Norway’s sovereign fund which generates wealth from investment returns and fossil fuels will allocate an equivalent of 1% of its assets into environmental technology stocks – equating to about US$ 3 billion. At the end of 2013, the sovereign wealth fund held US$ 4.5 billion in green technology companies. NBIM CEO Yngve Slyngstad indicated on [...]


UK Chancellor Osborne Confirms Sovereign Wealth Fund

UK Chancellor of the Exchequer George Osborne, in his Autumn Statement 2014 said, “we’re announcing a new Sovereign Wealth Fund for the North of England so that the shale gas resources of the North are used to invest in the future of the North.” To read the full speech, click here The sovereign wealth fund [...]


CHANGES: New CEO at Qatar Investment Authority

Sheikh Abdullah bin Mohammed bin Saud al-Thani, a member of the ruling family, will be the new chief at the Qatar Investment Authority (QIA), replacing Ahmed al-Sayed. This was announced on the official Qatar News Agency (QNA). Ahmed al-Sayed was the CEO of Qatar Holding before being appointed as CEO of the QIA in July [...]


asset allocation

Betting on Europe: CalSTRS Makes Real Estate Fund Commitments

The California State Teachers’ Retirement System (CalSTRS) is making waves in European real estate. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


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