Canadian Pensions Compete with Private Equity on Indian Analytics

Brand-name private equity funds and other public asset owners, such as sovereign funds and pensions have rolled their sleeves up, eyeing potential technology deals in India within sub-industries such as enterprise software, e-commerce, outsourcing and big data. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Opportunity Cost Model

Smart Beta: NZSF Moves NZ$ 600 Million to Two New Factor Strategies

Increasingly, asset owners such as sovereign funds and long-term pensions have embraced smart beta or factor-based investment strategies to enhance return and lower investment cost for beta. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Are Institutional Investors Out of the Woods?

As institutional investors glaze over inflation expectations, many are mystified with the recent global equity rally. Wasn’t post-Brexit supposed to deliver a wave of chaos to markets? Should investors thank the Bank of England for its recent actions or was there over-panic regarding Brexit? Astonishingly, the Citi G10 Economic Surprise Index has risen to recent […]


Friday SWFI News Roundup, August 19, 2016

Temasek Sells 21% Stake in Intouch Holdings to Singtel Singapore’s Temasek Holdings, through its sovereign wealth enterprises, is selling a 21% stake in Intouch Holdings, a Thailand telecommunications conglomerate formerly known as Shin Corporation, to Singtel for S$ 2.47 billion. Singtel is 51% owned by Temasek. Singtel is funding the transaction by issuing short-term debt, […]


SWFI First Read, August 18, 2016

Goldman Sachs Takes Minority Stake in Littlejohn Goldman Sachs Alternative Investments, part of Goldman Sachs, has purchased a non-voting minority stake in private equity firm Littlejohn & Co. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


BRIEFING: Sovereign Funds Hold Steady on Private Equity Allocation

Sovereign wealth funds are major allocators to private equity in all forms, whether in private equity funds, co-investing or direct investing. As of June 2016, total sovereign wealth fund assets amounted to US$ 7.37 trillion. Sovereign Wealth Fund Private Equity Allocators – 2016 Sovereign Wealth Fund Private Equity Allocators – 2015 Traditionally, public pensions have […]


Norway Sovereign Fund Generates 1.3% Return for 2nd Quarter 2016

Norway’s Government Pension Fund Global (GPFG) is one of the most written about sovereign funds. The massive sovereign fund had struggled in first quarter performance, while the fund dealt with a 24 billion kroner withdrawal in the second quarter of 2016 from the Norwegian government. However, the fund posted a 1.3% return for the second […]


Follow the Money – Episode 17

In this episode, I cover sovereign funds and pensions amplified interest in emerging market debt and the reasons why. I also discuss some of the ongoing issues and events associated with smart beta and factor-based investing. There is also coverage over developments with Kazakhstan oil, renewable energy investing and core real estate. I also brought […]


Danish Labor Investor PKA Backs Massive Biomass Plant in UK

Danish labor-market pension entity Pensionskassernes Administration A/S (PKA) has invested in the world’s largest new-build biomass plant. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, August 16, 2016

CPPIB-Backed Crestone Peak Resources Names Buchanon As CEO Crestone Peak Resources, an oil and natural gas exploration and production company that is 95% owned by Canada Pension Plan Investment Board (CPPIB), named Tony Buchanon as chief executive officer. Buchanon was also named to Crestone Peak’s board of directors. He recently worked as Executive Vice President, […]


Bain and Landor Associates Win Advising Mandate on Mubadala-IPIC Merger

The Government of Abu Dhabi have signed contracts with Bain & Co. and Landor Associates to advise on the merger of Mubadala Development Co. and International Petroleum Investment Company (IPIC). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Top 3 Deadly Mistakes CalPERS Had Made in Institutional Real Estate

The California bear-of-an-investor has struggled with its public fund peers when it comes to real estate return performance. With roughly US$ 31.8 billion generously allocated toward real assets, the California Public Employees’ Retirement System (CalPERS) continues to compete for real estate in developed markets such as North America and Europe. Here are three major mistakes […]


GIC Hearts Manufactured Homes

Sovereign wealth funds are investing in nearly all levels of real estate, from parking meters to New York City skyscrapers. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


BlackRock NY

McInnis Cement Project Gets More Money, Control Changes

The McInnis Cement project, located in Quebec’s Gaspé peninsula, has tacked up significant cost overruns, drawing the attention of local media. Investors called for an assessment regarding the project. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Asset Owners Tepidly Embrace Emerging Market Debt Again

Is it scarier investing in a double-digit yielding government bond from an emerging market or a negative-yielding sovereign bond from the West? 2016 has been the year of sinking government bond yields. Satisfying income-starved asset owners such as pensions has become a major obstacle for both internal fund management and external fund managers. For the […]


SWFI First Read, August 14, 2016

Euroclear Wins Mandate for ICBC ETF Listing ICBC Credit Suisse Asset Management, the asset management joint venture between ICBC and Credit Suisse formed in 2005, picked Euroclear to clear and settle its first internationally listed China equity exchange-traded fund (ETF). The ETF called ICBC CS WisdomTree S&P China 500 UCITS ETF will be traded on […]


Abu Dhabi Investment Council and Vitol Reduce Exposure to Fuel Retailer Business

Viva Energy REIT made its debut on the stock market in Australia, having its initial public offering on August 10, 2016. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


African SWF Partners with Manager for Properties and Farmland

Nigeria’s public finances have experienced a brutal beating as a collapse in oil revenues takes a toll on the government. The Nigerian government is now keen on attracting more long-term international capital into the West African country. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Friday SWFI News Roundup, August 12, 2016

My Turn: CPPIB Looks to Open Sydney Office The Canada Pension Plan Investment Board (CPPIB) plans to formalize its existing operations in Sydney, Australia in fiscal year 2017 with a stand-alone CPPIB office. CPPIB has C$ 7.9 billion invested in Australia. Major Korean Asset Owners Contemplate Allocation to Cerberus RE Fund [ Content protected for […]


3 Scary Themes in Smart Beta

In greater frequency, more institutional investors, both pensions and sovereign funds, have embraced some level of smart beta allocations. As more investors get into factor-based investing, it’s putting some strategies under pressure to perform. The Threat of Massive Inflows Typically, public pensions are conservative when analyzing new investment strategies. The herd mentality into smart beta […]


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