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Reorg: QIA Shifts Internal Resources

The Qatar Investment Authority (QIA) has been undergoing reorganization, seeking to redo its asset allocation and analyze how it can group assets into different units with defined goals. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Saudi Arabia Holds $116.8 Billion in U.S. Debt – March 2016

The U.S. Treasury released information regarding Saudi Arabia’s holdings of U.S. debt, after a Freedom of Information Act (FOIA) request. Saudi Arabia holds US$ 116.8 billion of U.S. debt as of March 2016. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Harvard

CHANGE: Harvard Endowment Cuts Eight Positions in Public Equity

Harvard Management Company (HMC), the manager of Harvard University’s massive endowment, announced the cutting of eight positions in the public equities trading unit. HMC struggles performance-wise and is consistently lagging behind a number of its peers (Yale, MIT, Stanford and Princeton) in investment performance for fiscal year 2015. Sometimes higher salaries per endowment executive and […]


sovereign wealth fund center asia

BOC Aviation Lures Sovereign Wealth and Boeing

Bank of China’s aircraft leasing unit BOC Aviation Ltd. is on path for its US$ 1.1. billion initial public offering (IPO) in Hong Kong. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, May 16, 2016

Russell Investments Forms New Global Client Strategy and Research Unit Seattle-based Russell Investments created a new team called the Global Client Strategy & Research team within its investment division. This new team will be led by Kevin Turner, a 21-year veteran of the company. He will report to Brian Meath, global chief investment officer, multi-asset […]


World’s Largest Sovereign Fund Pursues Legal Action Against Volkswagen

The Financial Times is reporting that Norges Bank Investment Management (NBIM), the manager of Norway’s sovereign wealth fund plans to join a class action in German courts against carmaker Volkswagen AG in regard to the emissions scandal. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CalSTRS

PROGRESSION: CalSTRS to Manage More Equity Assets Internally

Increasingly, large U.S. asset owners are running more index, passive portfolios in-house. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SATISIFIED: ABP Sticks with Strategic Investment Allocation

Dutch civil servant pension fund Stichting Pensioenfonds ABP is keeping its strategic investment allocation intact for the next three years. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


KWAP Implements New Mandate System

The recent economic and political turmoil in Malaysia has impacted Malaysian pension and state-owned funds. Asset allocation changes have occurred, highlighting a focus on the domestic economy. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Advent and Temasek Want Control Over Crompton Greaves Consumer Electricals

Singapore’s Temasek Holdings and private equity firm Advent International formed a bid to acquire a 26% stake in Crompton Greaves Consumer Electricals for Rs 1,694.72 crore. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Follow the Money – Episode 8

This podcast covers activities during early May 2016. The main story covers Europe and ongoing events on the macro side. Also, I cover direct energy investment trends by sovereign wealth funds. There is talk about real assets near the end. Follow the Money Show is available on asset.tv on the Asset Owner Channel. EPISODE 8 […]


REPORT: The State of Russian Sovereign Wealth Fund Assets

Much has changed since a decade ago. Russia’s fast growing spurt in oil is now in a different phase, as the price of crude oil is impacting the country. Russia’s Ministry of Economic Development in a 2017-2019 study forecasts the amount of assets in both the Russian Reserve Fund and National Welfare Fund will fall […]


BlackRock NY

BlackRock Works with ECB to Stress Test Banks

BlackRock Solutions, the consulting unit of BlackRock, is working with the European Central Bank (ECB) to stress test a selection of 39 banks in the euro zone. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Sovereign Funds Invest in Maiden CICC Offshore Bond

China International Capital Corporation (CICC) raised US$ 500 million in its maiden offshore bond. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, May 12, 2016

SSgA Merges Units, Forms Global Alternative Investment Strategies Group State Street Global Advisors (SSgA) merged four of its alternative divisions to form a global alternative investment strategies group in which William Marr will lead. William Marr was senior managing director and former head of liquid alternative investments. Marr’s new job title is global head of […]


Sovereign Funds Augmented Direct Energy Investments in 2015

Despite falling oil prices and bubbles forming in solar energy stocks, sovereign wealth funds had increased exposure to allocating directly into energy sector investments before and after the equity market turmoil in December 2015, according to data from SWFI’s Sovereign Wealth Fund Transaction Database (SWFTD). Sovereign funds alone invested directly US$ 17.99 billion into the […]


China’s NSSF Preps for Growth

China’s National Social Security Fund Council (NSSF) is looking to gear up operations. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI – Movers and Shakers – May 11, 2016

Mackenzie Investments Hires BMO GAM Heavyweight as CEO Barry McInerney left his role as co-CEO of BMO Global Asset Management to become CEO of Canada-based Mackenzie Investments. McInerney replaces Jeffrey R. Carney, who was also co-president and CEO of IGM Financial. Mackenzie Investments is a subsidiary of IGM Financial. Carney has been appointed sole president […]


sovereign wealth india

Khazanah Invests in Fractal Analytics

Fractal Analytics, a data analytics company founded in 2000, raised US$ 100 million or Rs 667 crore from Malaysia’s Khazanah Nasional. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Saudi Arabia PPA Set to Transfer King Abdullah Financial District to PIF

Saudi Arabia’s Public Investment Fund (PIF) could also be a holder of challenged state-owned assets and projects. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


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