BlackRock NY

BlackRock Trades in Negative-Yielding Corporate Debt

Negative-yielding fixed income debt is becoming hard to avoid, especially if you are an institutional giant. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SS&C Buys Global Fund Services Business of Wells Fargo

Financial services provider SS&C Technologies Holdings, Inc. is acquiring Wells Fargo Global Fund Services, a business of Wells Fargo. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, September 14, 2016

Ryan Casper Left ADIA [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Follow the Money – Episode 20

In this podcast, I give a short discussion on conferences and sovereign funds. I chat about hedge funds and comment on UC California’s endowment. I touch upon people hires in the industry and noteworthy deals in the world of public investor capital. Download the Episode CONTENTS 0:40 Conferences and Sovereign Funds 3:40 Merger Arbitrage Strategies […]


BlackRock NY

NZ Super Bullish on Merger Arbitrage Strategies

The New Zealand Superannuation Fund (NZSF), unlike a number of large U.S. pensions, has not given up on hedge funds. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Mubadala Gets Concessions in Exchange for Amendment to Wafer Agreement

On August 30, 2016, Advanced Micro Devices, Inc. (AMD) added a 6th amendment to the Wafer Supply Agreement with GLOBALFOUNDRIES Inc. GLOBALFOUNDRIES spun off from AMD in 2009. In response to the 6th amendment, AMD entered into a warrant agreement with West Coast Hitech L.P., a sovereign wealth enterprise (SWE) of Mubadala Development Company. [ […]


Alaska Permanent Fund Corporation Seeks to Sell More of American Homes 4 Rent

The Alaska Permanent Fund Corporation (APFC) has been a long-time backer of Agoura Hills-based American Homes 4 Rent, a single-family home rental company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, September 13, 2016

TPG Capital and CPPIB Invest US$ 500 Million in Viking Cruises TPG Capital and the Canada Pension Plan Investment Board (CPPIB) invested US$ 500 million for a combined stake of 17% in Bermuda-based MISA Investments Limited, the parent company of Viking Cruises. TPG and CPPIB are each investing US$ 250 million in MISA Investments. Credit […]


CalPERS Committed to Long-Term Quest for American Logistics

The California Public Employees’ Retirement System (CalPERS) experienced bumpy roads since 2000 in their quest for investing in U.S. warehouses and other logistic properties. Throughout the years, the pension giant terminated and hired real estate managers to run its allocation in logistics. For example in 2010, CalPERS fired LaSalle Investment Management and hired GI Partners […]


state street

CalSTRS Seeded Women Executive ETF

The California State Teachers Retirement System (CalSTRS) seeded US$ 250 million into an exchange-traded fund (ETF) called the Gender Diversity Index ETF (ticker: SHE) earlier this year. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Canadian Pension Giant Eyes CitiFinancial Canada

Credit investments that provide high-yield are attractive these days in a world of low returns. With larger financial institutions mostly focused on prime and the super-prime segment, non-prime lenders continue to fill the need for demand. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


3 Key Political Factors for Attracting Sovereign Funds

In the past year, a number of sovereign wealth fund CIOs have spent quite a bit of time revisiting their geographic exposures. Is this a country that will respect our fiduciary capital? Are there other foreign asset owners investing significant sums of money into this country? There is a reason why sovereign wealth funds directly […]


nyc

MORE CONSOLIDATION: Segal Rogerscasey Acquires The Marco Consulting Group

Segal Rogerscasey, the investment consulting business of The Segal Group, Inc., signed an asset purchase agreement to acquire the business of Chicago-based Marco Consulting Group effective January 1, 2017. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Jenkins Exits for Credit Role, CPPIB Forms Real Assets Group

It’s that time of year. The Canada Pension Plan Investment Board (CPPIB) has reorganized and formed a new unit called real assets which will be composed of real estate, infrastructure and agricultural investments. Graeme Eadie is leading the new unit who was CPPIB’s global head of real estate investments. Private Investments Honcho Leaves for The […]


sovereign wealth india

ICICI Bank Invests in Resurgent Power Ventures

ICICI Bank Ltd (Bahrain branch) is picking up a 10% ownership stake in Resurgent Power Ventures, a platform formed by ICICI Group and Tata Group. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, September 11, 2016

Egypt Gets First US$ 1 Billion Tranche from World Bank The Egyptian government has received the first US$ 1 billion tranche of a US$ 3 billion policy finance loan from the World Bank. It is a 3-year loan. Egypt has been plagued with a faltering foreign exchange shortage. The program for the loan is called […]


Wealth Fund Capital Invests in Wearable Nicotine Device

According to the Centers for Disease Control and Prevention, cigarette smoking kills more than 480,000 Americans per annum. A slew of investors are betting on a company that can successfully develop high-quality smoking-cessation wearable devices. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Former KIC CIO to Join Asian Infrastructure Investment Bank as Operational Advisor

Dong-ik Lee, who served once as the chief investment officer of the Korea Investment Corporation (KIC), has joined the Asian Infrastructure Investment Bank (AIIB) to be an operational advisor to private infrastructure sector investments. Dong-ik Lee will relocate to Beijing. He was ranked #20 in Public Investor 100 – 2013. AIIB’s president is Jin Liqun, […]


Friday SWFI News Roundup, September 9, 2016

Private Iranian Banks Plan to Open in Munich Sina Bank and Middle East Bank, two private Iranian banks, are opening up branches in Munich, Germany. Middle East Bank hopes to open its Bavarian branch by the end of 2016. Sina Bank was formed in 1985 and is listed under the Tehran Stock Exchange. Sina Bank, […]


Wells Fargo Had Over 2 Million Phony Accounts

Massive banks continue to get hit with regulatory fines regarding unethical behavior in the West, another reason why some public institutional investors are weary of putting up significant amounts of capital towards them. Rate fixing, mortgage-backed security fraud, rogue traders, insider trading – the list goes on. The U.S. Consumer Financial Protection Bureau (CFPB) have […]


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