Friday SWFI News Roundup, December 5, 2014

QIA and Brookfield Up the Bid for Songbird Estates

The Qatar Investment Authority (QIA) and Brookfield Property Partners have raised their joint bid for Songbird Estates, the entity that majority owns the Canary Wharf estate. The QIA and Brookfield displayed their new all-cash offer of 350 pence per share straight to shareholders. Both are current shareholders of Songbird Estates.

Testing the Waters for a Mega UK Pension Fund

Preston-based Lancashire County Council Pension Fund and the London Pensions Fund Authority on December 2, 2014 announced a partnership to pool approximately £10 billion of assets to save on costs, boost performance and have greater access to illiquid opportunities. Larger institutional investors typically are able to access higher quartile private investment funds. Eventually, the partnership could involve other parts of managing a pension system including administration.

RDIF and Turkey’s Renaissance Holding Seal Deal

On December 1, 2014, the Russian Direct Investment Fund (RDIF) and Turkish conglomerate Renaissance Holding agreed to jointly invest capital into projects across Russia. Both entities will target infrastructure and healthcare opportunities utilizing public private partnership (PPP) models. In addition, the capital will target shopping centers in the region. Increasingly, Russia is working with its neighboring countries to attract capital into the country. The deal was signed during Russian President Vladimir Putin’s state visit to Turkey.

Victory Capital Looks to Profit From Smart Beta Trend

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