SWFI First Read, November 9, 2016
Trump Wins 2016 U.S. Presidential Election
Republican candidate Donald Trump has officially won the U.S. presidential election defeating Democrat candidate Hillary Clinton.
PIMCO Hires Senior Sales Executive for Nordic Area
The Pacific Investment Management Co. (PIMCO) named Kristina Najjar-Wahlgren as senior vice president. She will focus on business development in the Nordic area. Before this, she was Head of Business Development for the Nordic area at Aberdeen Asset Management.
Sekhon Exits Fullerton Fund Management
Manraj Sekhon, the Chief Executive Officer of Singapore-based Fullerton Fund Management Co., has exited the firm. The decision was made on November 8, 2016. Sekhon also served as Chief Investment Officer of Fullerton Fund Management. Sekhon has been CEO of Fullerton Fund Management since October 2011. In the interim, Fullerton Chairman Ho Tian Yee will assume Sekhon’s responsibilities.
KLP Generates 4.4% Return on the First 9 Months of 2016
Norway’s Kommunal Landspensjonskasse (KLP) generated a 4.4% investment return on the first 9 months of 2016. KLP’s common fund had 447.9 billion NOK in assets at September 30, 2016. KLP’s common fund had 405.6 billion NOK in assets at September 30, 2015.
APG Combines CIO and Chief Client Officer Role
APG Asset Management has combined the role of chief client officer and chief investment officer for Ronald Wuijster. Paul Spijkers will become the President of APG U.S., the U.S. division of APG Asset Management.
TRS Kicks Out $350 Million to RE Funds
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