Friday SWFI News Roundup, August 21, 2015

Norway SWF Posts Negative Returns for Second Quarter Norway’s Government Pension Fund Global (GPFG) posted a negative return of -0.9% for the second quarter. Fixed income dragged down returns at -2.2%, while equities for the wealth fund returned -0.2%. The wealth fund’s real estate investments posted a 2% return for the quarter. Yngve Slyngstad, CEO [...]


Central Huijin Buys Shares, Aims for Stabilization

In recent days, Central Huijin Investment, a sovereign wealth enterprise of the China Investment Corporation (CIC), increased ownership in a number of Chinese companies. Some Central Huijin Purchases Date Company A Shares Bought in Millions Ownership August 18, 2015 Agricultural Bank of China 1,255 44.64% August 18, 2015 New China Life Insurance 28.249 32.24% August [...]


SWFI – Movers and Shakers – August 19, 2015

Ex-Goldman Sachs Vice-Chair Named Dallas Fed Chief On August 17th, The Federal Reserve Bank of Dallas named Robert Steven Kaplan its president and chief executive, effective September 8, 2015. Kaplan replaces Richard Fisher who retired in March 2015. Kaplan is a professor of management practice and a senior associate dean at Harvard Business School (HBS). [...]


Angel Trains Has New Owners

Institutional investors are attracted to long-term contractual businesses that permit a high degree of income stability and visibility. Angel Trains has been sold to an investor group led by AMP Capital in a complicated transaction. AMP Capital through its managed funds already had a 25% stake in Angel Trains. [ Content protected for Sovereign Wealth [...]


Kuwait Sovereign Wealth Fund Eyes London City Airport

The London City Airport, located near Canary Wharf financial district, is up for sale as its owner Global Infrastructure Partners seeks to cash in.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CPPIB Commits Direct Investment in Malaysian Real Estate Development

Increasingly, asset owners are working with Asian developers on large real estate projects. Simply put, asset owners such as sovereign funds and large Canadian pensions have the money and the developers need the capital. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Mubadala Takes Over AUX Interests in Galway Gold

AAV Limited, an indirect sovereign wealth enterprise (SWE) of Mubadala Development Company PJSC, has acquired a 17.4% stake in Toronto-based Galway Gold Inc. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Snapdeal Raises US$ 500 Million

  The battle for the online consumer marketplace is clearly on in India. Snapdeal is engaged in a battle with Flipkart and Amazon for dominance in the Indian online consumer market. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


top 10 gamechangers

The Largest Sovereign Wealth Fund Private Equity Investors

The aggregate dollar amount of sovereign wealth fund capital toward private equity and private markets is expanding rapidly, according to data from the Sovereign Wealth Fund Institute (SWFI). SWFI researchers estimate, as of June 2015, US$ 415.36 billion was allocated to private equity, this includes direct stakes in private companies, not just interests in private [...]


superannuation

Canadian Investors to Takeover Australian Ports Operator and Infrastructure Company

A Brookfield consortium is acquiring Asciano, an Australian ports operator and infrastructure user business, in a A$ 8.9 billion (US$ 6.6 billion) takeover. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Is Carlyle Failing at the Hedge Fund Game?

The Carlyle Group is fiercely competing against the Blackstone Group on creating the largest alternative investments powerhouse. Both firms are publicly traded. Founded as a firm purely focused on private equity buyouts, Carlyle has evolved, creating business lines in hedge funds, credit and real estate to serve its massive customer base of institutional investors. Many [...]


Central Huijin Looks to Raise Capital by Onshore Bonds

Central Huijin Investment Ltd., the sovereign wealth enterprise (SWE) of the China Investment Corporation (CIC) that holds shares in domestic financial institutions, is planning to raise 30 billion RMB (US$ 4.68 billion) by onshore bonds. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Norway’s Sovereign Wealth Fund Excludes 4 Companies Over Palm Oil

Norway’s Government Pension Fund Global (GPFG), the largest sovereign wealth fund in the world, is excluding two South Korean and two Malaysian companies from its investment universe because of risks of “severe environmental damage,” it stated on August 18th. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. [...]


Oman’s SGRF Buys Hotel in Central Paris

Oman’s State General Reserve Fund (SGRF), one of Oman’s sovereign funds, acquired a majority interest in the Marriott Ambassador Paris Hotel. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI – Movers and Shakers – August 17, 2015

CBRE Global Investors Appoints Ferguson as Global CIO T. Ritson Ferguson has been named global chief investment officer of Los Angeles-based CBRE Global Investors. This is a new role. Ferguson will maintain his role as CEO and Co-CIO of CBRE Clarion Securities, the equity securities management arm of CBRE Global Investors. Ferguson joined CBRE in [...]


CDPQ Invests in U.S. Optometry Chain

On August 17th, Toronto-based Atlas Partners and Caisse de dépôt et placement du Québec (CDPQ) announced they invested in Vienna-based Capital Vision Services, LP, a company that provides management services to MyEyeDr. optometry practices. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


REVEALED: Trump Says Kuwait Sovereign Fund Not Keen on U.S. Deals After War

  U.S. Republican Primary Presidential Candidate Donald Trump was interviewed by NBC News Host Chuck Todd on August 16th on the show, Meet the Press. Trump is leading the Republican U.S. Presidential Primary in a number of polls in the early primary states of Iowa and New Hampshire. Among a myriad of topics and issues, [...]


CIC Invests in GrabTaxi, Mubadala to Refi Big Loan

  CIC Backs Another Uber Rival, GrabTaxi After investing in China-based Didi Kuaidi Joint Co., the China Investment Corporation (CIC) invested in another, smaller taxi rival to Uber, GrabTaxi. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Friday SWFI News Roundup, August 14, 2015

Former Temasek China Chief Leaves for Morgan Stanley Executive Role Morgan Stanley plans to hire Wing Dei, the former head of China of Singapore’s Temasek Holdings. Wing Dei will become vice chairman of Morgan Stanley’s Asia Pacific investment banking unit. Ding is an investment banker by trade and worked at China International Capital Corporation (CICC). [...]


New Zealand Superannuation Fund Acquires Stake in Glass Tint Company

The New Zealand Superannuation Fund (NZSF) acquired a US$ 75 million stake in View Inc., a manufacturer of dynamic-tinting glass. Milpitas-based View designs glass that helps buildings avoid shades and blinds by using a technology known as an electrochromic window. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view [...]


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