SWFI First Read, February 9, 2017

Franklin Resources Brings on AlphaParity Franklin Resources, Inc., which operates as Franklin Templeton Investments, announced that the team from New York-based AlphaParity LLC, a risk premia investment firm, will join its Franklin Templeton Solutions platform. Founded in 2012 by Steve Gross and Joshua Smith, AlphaParity oversees roughly US$ 500 million as of December 31, 2016, […]


Co-Founder of Townsend Group Kevin Lynch Passed Away

Kevin Lynch passed suddenly over the weekend on February 4, 2017 at his home in Naples, Florida. Kevin Lynch co-founded the Townsend Group in 1983. The Townsend Group is a major player in the world of institutional real estate consulting advising pensions, sovereign funds and other asset owners. Lynch is a member of the Pension […]


Russian Direct Investment Fund Expects Capital Boost

The Russian Direct Investment Fund (RDIF) has been making deals with governments, wealth funds and corporations across the Eastern hemisphere. RDIF has also formed a number of joint investment vehicles with sovereign funds such as the China Investment Corporation (CIC) and Qatar Investment Authority (QIA). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers […]


SWFI First Read, February 8, 2017

MORE CONSOLIDATION: Unigestion Buys Akina Unigestion is acquiring Zurich-based Akina Ltd which has US$ 2.6 billion in assets under management. The deal gives Unigestion greater exposure to private market assets under management. The combined businesses will trade under the Unigestion name. Temasek Invests in Series G Round in CarTrade [ Content protected for Sovereign Wealth […]


Moelis Wins Advisory Role in Legendary Saudi Aramco IPO

Moelis & Co., a boutique investment bank, outmaneuvered its rivals to land the sole independent adviser role for the planned initial public offering (IPO) of Saudi Aramco, the state-owned oil colossus of Saudi Arabia. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Follow the Money – Episode 31

They are back. In this lengthy episode, Michael Maduell and Rachel Pether return to the podcast to tackle a number of issues and events in the world of mega institutional investors. In preparation of Saudi Aramco’s planned IPO, Pether talks about bond issuances and sukuks occurring in the Gulf region. Maduell banters about Turkey’s mission […]


CalPERS Continues to Sell Off Private Equity Interests

The California Public Employees’ Retirement System (CalPERS) continues to unwind parts of its massive private equity portfolio. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI – Movers and Shakers – February 7, 2017

Executive Shuffle at BlueBay Asset Management Eric Gerth will become the Chief Executive Officer of BlueBay Asset Management LLP effective around May 2017. Previously, he was Global Head of Business Development at BlueBay Asset Management since December 2012. Before BlueBay Asset Management, he was the Chief Executive of Global Business Development at Aviva Investors London […]


SWFI First Read, February 7, 2017

CITIC Capital Partners Raises Third Japanese Buyout Fund CITIC Capital Partners Limited, the private equity arm of CITIC Capital Holdings Limited, closed its third Japan buyout fund called CITIC Capital Japan Partners III. The fund had a hard cap of 30 billion JPY, attracting both Japanese and non-Japanese investors. The investor base included a sovereign […]


MORE CONSOLIDATION: PAAMCO and KKR Prisma Agree to Merge

Irvine, California-based Pacific Alternative Asset Management Co. (PAAMCO) and KKR Prisma have agreed to merge to form a new hedge fund-of-funds firm called PAAMCO Prisma Holdings. The combined entity will operate independently from KKR & Co. which will hold a 39.9% stake in it. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. […]


Bangladesh’s Aspiration for a Sovereign Wealth Fund

Bordering India, Bangladesh is a nation of 160 million people. The Bangladesh government artfully decided and gave initial approval to have a sovereign wealth fund for the country with authorized capital of US$ 10 billion. The matter was discussed at a cabinet meeting chaired by Bangladesh Prime Minister Sheikh Hasina. [ Content protected for Sovereign […]


blackstone

Asset Owners Help Blackstone Participate in the Obamacare Trade

Asian pensions see a growing and expanding U.S. healthcare market due to a graying North American population and regulatory shifts. Increased regulation in U.S. healthcare has forced industry players to consolidate giving rise to monopolistic health care companies – a true gift enabling return opportunities for cash-rich private equity firms. South Korea’s National Pension Service […]


turkey

More Companies Held by Treasury Transferred to New Turkish Sovereign Fund

According to Turkey’s official gazette, the Turkish government transferred its ownership stakes in a number of holdings to its new sovereign wealth fund called Turkey Asset Management Company, also known as Türkiye Varlık Fonu Yönetimi Anonim. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Norway’s SWF Has Exposure to Pharma Linked to Opioid Overdose Drug Gouging

Despite its otherwise strong social stances on equity investments, Norway’s Government Pension Fund Global (GPFG) continues to hold financial interests in drug companies that are linked to entities that have raised the price of life saving medical treatments by high percentages in short periods of time. Norway’s GPFG has taken a robust stance against companies […]


BNY Mellon Manhattan

BNY Mellon Rehired by Texas Permanent School Fund

In the competitive world of custodial mandates and relationships, BNY Mellon was rehired for global custody and securities lending activities for a U.S.-based sovereign fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


ICD’s Big Sukuk Listed on Nasdaq Dubai

Nasdaq Dubai, a stock exchange that lists regional and international shares in the Middle East, has the listing of a US$ 1 billion sukuk by the Investment Corporation of Dubai (ICD). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


forest

ISIF Commits to Forestry Portfolio Formation

The Ireland Strategic Investment Fund (ISIF) views forestry or timberland as a natural asset class for long-term institutional investors. ISIF is committing €55 million to the Foraois Limited Partnership, a Dublin-based forestry fund managed by Finland-based Dasos Capital Oy. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. […]


Japan’s GPIF Preps for Real Estate Push

It is practically inevitable that cash-rich Japanese pensions and asset owners will participate in overseas real estate. Already, Japan Post Bank formed an institutional real estate division. Japan’s Government Pension Investment Fund (GPIF) is cautiously gathering information and building networks before they embark on investing in overseas institutional real estate.[ Content protected for Sovereign Wealth […]


Wealth Fund Capital Backs Hou An Innovation Fund

Asian asset owners are backing innovation investments within China. The China Investment Corporation (CIC), Silk Road Fund, Singapore’s Temasek Holdings and Shenzhen government-owned conglomerate Shum Yip Group Ltd. have formed a technology investment fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, February 2, 2017

QIA Sells Some Shares in Agricultural Bank of China According to Hong Kong filings, Qatar Investment Authority (QIA) sold 3.84 million H shares of Agricultural Bank of China Ltd. The shares were sold at an average price of HK$ 3.26 per share on January 27, 2017. Post-transaction, the QIA owns a 11.99% stake in the […]


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