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 Agricultural Bank of China from its previous 12% ownership stake.

OFFICIAL: CalSTRS Lowers Assumed Annual Rate of Return from 7.5% to 7%

The California State Teachers’ Retirement System (CalSTRS) now has a lower assumed rate of return. The pension’s board approved to lower its assumed annual return from 7.5% to 7% over a two-year period. 7.25% would start on July 1, 2017 and 7% would start on July 1, 2018.

Hamilton Lane Files for IPO

Bala Cynwyd-based Hamilton Lane, an alternative investment management firm, filed documents to prepare for its initial public offering (IPO) of up to US$ 200 million. Hamilton Lane touts to have four of the ten largest sovereign funds as clients. Hamilton Lane plans to trade under the ticker “HLNE”. J.P. Morgan and Morgan Stanley will act as joint bookrunning managers for IPO. Goldman Sachs will act as lead co-manager and Keefe, Bruyette & Woods and Wells Fargo Securities will act as co-managers.

CPPIB Apparently Looking to Sell Arqiva

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