Florida SBA Adopts Smart Beta

The Florida State Board of Administration (SBA) has embraced smart beta, in a bid to slowly move away from capitalization-weighted benchmarks, while looking to lower active management fees. Many large pensions are looking to use factor-based investing to lower manager costs, according to SWFI research. Institutional Investor Profile of Florida’s SBA [ Content protected for […]


SWFI – Movers and Shakers – April 22, 2016

Manning & Napier CEO to Retire for Personal Reasons [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SOVEREIGN WEALTH: Hines Wins Large Mandate in Manhattan

Norway’s wealth fund continues to be a major institutional investor in U.S. core real estate. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Friday SWFI News Roundup, April 22, 2016

Volkswagen Doubles Provisions to Pay for Emissions Scandal Volkswagen AG, which is backed by many institutional investors such as the Qatar Investment Authority (QIA), has doubled provisions to pay for the emissions-cheating scandal. The new amount is €16.2 billion compared to the older amount of €6.7 billion. CIC Hungers for Fried Chicken An investment group […]


First Quarter 2016 Real Estate Update: Marcus and Millichap

This article is sponsored by Marcus & Millichap. Across the country and across all sectors, there was a decrease in “activity” and transaction velocity in the first two months of 2016 from the strong pace of 2015. There does not seem to be a consensus on the reasons why, but industry professionals cite severe-stock market […]


The Most Lucrative Mandates from GPIF for FY2014

Japan’s Government Pension Investment Fund (GPIF) trimmed two members from its investment advisory committee. The committee is legally only allowed to have up to 11 members, which is overseen by Japan’s Welfare Ministry. Two members that were not renominated are Yasuhiro Yonezawa and Sadayuki Horie. On another note, see the most lucrative mandates by external […]


GIC Reorganizes Senior Roles

Singapore’s GIC Private Limited announced a reorganization of senior roles and the creation of new positions. These changes will take effect from June 1, 2016. According to the press release, Lim Siong Guan, Group President of GIC, said, “The new senior appointments enhance the development of a strong leadership bench for GIC, allowing us to […]


CPPIB Could Cash Out on McGraw-Hill Building

The Canada Pension Plan Investment Board (CPPIB) is contemplating selling its interest in a Manhattan 51-story office property at 1221 Sixth Avenue. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


What is the Probability of Saudi Arabia Pulling Out of U.S. Assets?

The government of Saudi Arabia is a major foreign investor in the United States, especially in U.S. sovereign debt. They have been buying U.S. since their oil boom really took off. For example, in 1974, Saudi Arabian Monetary Agency (SAMA) purchased US$ 600 million worth of Federal National Mortgage Association (Fannie Mae) debentures through the […]


GIC to Become Minority Owner in the Biggest U.S. Indie Electric Trans Company

On February 9, 2016, Canada-based Fortis Inc., an international diversified electric utility holding company, had announced they planned to acquire Michigan-based ITC Holdings Corporation, the largest independent electric transmission company, in a transaction valued at approximately US$ 11.3 billion. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. […]


Follow the Money – Episode 7

This podcast covers activities during mid-April 2016. The big story is change in CalPERS’ real assets program and the impact it will have on the industry. Other topics covered include hedge funds, Saudi Arabia’s Public Investment Fund and deal activity. Follow the Money Show is available on asset.tv on the Asset Owner Channel. EPISODE 7 […]


SAUDI ARABIA: Bankers and Advisors Hired for Possible Massive Sovereign Wealth Fund

Saudi Arabia could have the world’s largest sovereign wealth fund, displacing Norway’s Government Pension Fund Global (GPFG). Saudi Arabia’s Public Investment Fund (PIF) would be the vehicle to accomplish just that. After the planned initial public offering of Saudi Aramco, PIF could be infused with a ton of cash. SWFI conducted research, based on various […]


Japan’s GPIF Builds Registration System for Foreign Equity Managers

Japan’s Government Pension Investment Fund (GPIF) is building its own investment manager database. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


REVEALED: CalPERS New Real Assets Program

The California Public Employees’ Retirement System (CalPERS) adopted a new strategic plan for its massive real assets program. CalPERS is a major institutional investor in real estate investing in core funds, joint ventures and co-investing in major properties. CalPERS is seeking to reign in risk, while reducing complexity and costs. Institutional investors are facing a […]


New Zealand Superannuation Fund Sells Some Private Equity Funds

The New Zealand Superannuation Fund (NZSF) confirmed the sales of a number of offshore private equity funds. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CHOICES: Abu Dhabi Seeks to Raise Debt

As oil lingers at a low range for Gulf countries, governments are seeking options to shore up liquidity to plug fiscal deficits. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


OTPP Sells ANV to AmTrust

Ontario Teachers’ Pension Plan (OTPP) is selling Lloyd’s insurer ANV Holdings B.V. and its affiliates to AmTrust Financial Services, Inc. for US$ 218.7 million in cash. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Wells Fargo AM Hires Former SSgA Executive

Wells Fargo Asset Management hired Kristi Mitchem as president and chief executive officer of Wells Fargo Asset Management. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI – Movers and Shakers – April 18, 2016

BlackRock Global Head of Beta Strategies Set to Retire Long-time BlackRock veteran Amy Schioldager plans to retire in the first quarter of 2017. She is senior managing director and global head of beta strategies at the firm. After retirement, Schioldager plans to serve as a senior adviser at BlackRock. Back in 1996, she was part […]


RABBIT HOLE: IPIC Says 1MDB is in Default After Missed Payment

Abu Dhabi’s International Petroleum Investment Company (IPIC) stated that its agreement to provide financial support to Malaysia’s 1Malaysia Development Berhad (1MDB) has been terminated. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SUBSCRIBE NOW AND ENJOY FULL ACCESS TO THE SWFI
RFPs, Allocations and Opportunities

> Get Full Access to swfinstitute.org, compass and transaction database
> Receive Print Issue of Sovereign Wealth Quarterly
> Email: support@swfinstitute.org

Your E-mail...
x