private equity investors

GIC Sells Resort Property in Miami

Lennar Corporation and Miami-based Codina Partners won a bid over a number of suitors including Republican Presidential Candidate Donald Trump’s company in acquiring a 130-acre property that was sold by Singapore’s GIC Private Limited for over US$ 100 million. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. [...]


Will There Be Another Sovereign Wealth Selloff Wave?

Macroeconomists, asset manager CEOs, market pundits and media commentators expressed concern about wealth funds and their current impact on global equity markets. However, the selling by commodity-based funds, specifically in the wealthy GCC region, started in the midst of 2015. Funds such as Mubadala Development Co. and the Qatar Investment Authority (QIA) were looking to [...]


Korea’s NPS Names New Chief Investment Officer

Korea’s National Pension Service (NPS) has named a new chief investment officer. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Craig Dawson to Run EMEA Region for PIMCO

Craig Dawson will become head of Europe, Middle East and Africa (EMEA) at Pacific Investment Management Co. (PIMCO), effective July 1, 2016. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


BOOM: CCB Pension Gets First EA License in a Decade

China’s investment management industry continues to blossom with increased assets under management. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, February 1, 2016

Kessler Topaz Meltzer & Check Filed Class Action Against Esperion Therapeutics Radnor-based law firm Kessler Topaz Meltzer & Check, LLP filed a shareholder class action lawsuit against Esperion Therapeutics, Inc., a listed pharmaceutical company that focuses on developing and commercializing oral low-density lipoprotein cholesterol lowering therapies for patients with hypercholesterolemia. The class action alleges the [...]


BNY Mellon Manhattan

SURVEY: More Listed Companies Are Engaging with Sovereign Funds

According to BNY Mellon’s global investor relations survey, Global Trends in Investor Relations, listed companies are continuing to increase their outreach with sovereign wealth funds. 65% of the survey’s respondents have engaged with sovereign wealth funds over the past year, up from 57% in 2013. Sovereign wealth funds are perceived to be long-term, intergenerational institutional [...]


How Exposed is Norway’s Sovereign Fund to Japanese Government Bonds?

DATA – Norway’s GPFG Allocation to Japanese Government Bonds The Bank of Japan jilted institutional investors as it moved key interest rates into negative territory in specific instances. Specifically, the negative interest rates, a -0.1% rate, would affect a portion of financial institution’s deposits parked at the Bank of Japan. This “tax” could force banks [...]


Friday SWFI News Roundup, January 29, 2016

USS Sells 13 Private Equity Interests to Ardian Flush with sovereign wealth and pension money, Ardian acquired 13 private equity partnership interests representing £640 million in assets and unfunded commitments from USS Investment Management, a unit of Universities Superannuation Scheme (USS). The deal occurred on December 31, 2015. USS was advised by Evercore on the [...]


Why Did Norway’s Sovereign Fund Put Petrobras on Watch?

Brazil’s state-controlled oil company Petroleo Brasileiro SA (Petrobras) is navigating a tough year, fighting off a sprawling corruption investigation, while battling low oil prices. The oil giant also bears an onerous debt load. The company’s CEO Aldemir Bendine is looking to reduce managers in non-operational units by 30%. The corruption scandal has taken a toll [...]


SWFI – Movers and Shakers – January 28, 2016

Quattrone Hands Keys to George Boutros Frank P. Quattrone is stepping down as CEO of Qatalyst Group, a mergers & acquisitions firm he formed in March 2008. Quattrone was the investment banker who took Cisco Systems and Amazon.com public in the 1990s. Quattrone will become executive chairman of the firm, while promoting long-time ally George [...]


Sovereign Funds Vs. Asset Managers: The Big Picture

A number of asset managers who focus on institutional investors such as commodity-based sovereign wealth funds have been ravaged with redemptions. The rapid descent of oil prices flummoxed wealth fund chiefs. In response to the oil glut, the money management spigot for investment managers running listed equity strategies has slowed. Furthermore, Middle Eastern sovereign funds [...]


LEAGUE TABLES: Morgan Stanley and JPMorgan Tie for First for 2015

The Sovereign Wealth Fund Institute (SWFI), through its proprietary database, tracks transactions by sovereign wealth funds, pensions and other public funds. Combining all public investors, for calendar year 2015, transactions amounted to US$ 212.18 billion versus US$ 186.56 billion in 2014. On record, 2013 had the most direct transactions for public investors at US$ 220.69 [...]


Birtanov Appointed Chairman of Kazakhstan’s NIC

Yeszhan Birtanov was elected Chairman of the Management Board of the National Investment Corporation (NIC), officially taking office on January 11, 2016. He replaces Berik Otemurat who had resigned as chairman. Birtanov has worked as Chairman of the Management Board of the Kazakhstan Stock Exchange JSC (KASE) since July 1, 2015. View Institutional Investor Profile [...]


GROWTH: Euroclear Reports Record Turnover

Over the past few years, Euroclear has expanded rapidly by forging partnerships, especially outside of Europe. Euroclear made significant moves augmenting its post-trade processing operations for funds into Asia. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Alaskan SWF Invests in Series B on Anti-Cancer Biotech

The Alaska Permanent Fund Corporation (APFC) participated in a US$ 61 million Series B round to invest in Cambridge, Massachusetts-based Codiak BioSciences Inc., a company focused on the advanced research and clinical development of exosomes, which are tiny membrane sacs, or vesicles, that are released by both healthy and cancerous cells, for therapeutic and diagnostic [...]


PGGM’s Real Asset Efforts Kept Busy in Ireland and UK

Dutch pension fund PGGM joined a consortium to invest in a €230 million infrastructure project in Ireland. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Oman SWF Inks MoU with Iranian Automobile Manufacturer

The countries of Oman and Iran are expanding economic ties one step at a time, restoring a historical relationship. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CASH: Future Fund’s Highest Levels Since 2009

Australia’s Future Fund shifted more assets into cash, as fund executives see an increase in global investment risk and uncertainty. By the end of 2015, the wealth fund had over 20% of assets in cash. The wealth fund has pulled back from emerging market equities where assets made up 9.4% of the investment portfolio a [...]


australia infrastructure

SWFI First Read, January 27, 2016

NZ Super Fund Returns 6.5% Over 2015 The New Zealand Superannuation Fund (NZSF) returned 6.5% over 2015. NZSF surpassed its passive Reference Portfolio benchmark, equivalent to a market return, by 2.8% or NZ$ 766 million during the 2015 calendar year. The sovereign wealth investor also more than doubled the return on New Zealand Treasury Bills, [...]


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