SWFI First Read, June 23, 2017

QHG Oil Ventures Representatives Nominated to Rosneft Board On June 22, 2017, Rosneft held its annual shareholder meeting in Sochi. Two new board members were nominated to represent the interests of QHG Oil Ventures, the holding company owned by Glencore and the Qatar Investment Authority (QIA). One is Ivan Glasenberg Chief Executive Officer of Glencore […]

CIC Takes a Stake in 1515 Broadway Office Tower

SL Green Realty Corporation had made moves to recapitalize the 54-storey office tower at 1515 Broadway in Manhattan in early January. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

EASY MONEY: Mainland China to Get Added to MSCI Emerging Market Index

With more investors embracing passive investing, the power of index inclusion is becoming more important for countries as they seek to grow their global financial centers. After three unsuccessful annual attempts, China has finally been included to have its A shares be used in the MSCI Emerging Market index. [ Content protected for Sovereign Wealth […]

LOST LOVE: China’s SAFE Investment Company Had Dumped BP Stock

Sovereign wealth funds are also known to invest directly in a number of prominently listed companies in the United Kingdom. For example, the Kuwait Investment Office (KIO), was publicly-recognized for its backing of BP Plc, a global integrated oil and gas major. BP was no longer a safe bet for China’s SAFE Investment Company, a […]

SWFI First Read, June 9, 2017

Temasek Holdings Sells Small Position in COFCO Meat Holdings On May 31, 2017, Singapore’s Temasek Holdings had sold 7.2 million shares in COFCO Meat Holdings Ltd. at an average price of 1.37 HKD per share. Temasek’s ownership had dropped from 6.15% down to 5.97%. SoftBank to Acquire Robotics Firm Boston Dynamics Japan’s SoftBank Group is […]

RDIF Gets a Small Stake in PJSC Polyus

On May 31, 2017, a unit of the Russian Direct Investment Fund (RDIF) agreed to buy 354,095 ordinary shares of PJSC Polyus, around 0.28% of its share capital on fully-diluted basis, from Polyus Gold International Limited. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

SWFI First Read, May 31, 2017

Anbang Insurance Group Acquires Doubletree by Hilton Amsterdam China’s Anbang Insurance Group acquired the 557-room Doubletree by Hilton Amsterdam Central Station for roughly €350 million from The Blackstone Group. CBRE had advised Blackstone on the deal. Tech Luminaries and Billionaires Raise Money for San Francisco-based, a social for-profit petition platform, has raised US$ […]

Vanguard Plants Flag in Shanghai

While Canadian investment managers such as Manulife Asset Management prefer distribution partnerships when entering China, other fund managers are making moves to go at it alone. Manulife Asset Management and China Life just inked an investment partnership. Index giant Vanguard Group is the biggest mutual fund company in the world and has opened a subsidiary […]

Follow the Money – Episode 38

Rachel and I discuss the SoftBank Vision Fund, Saudi Arabia, the Middle East and sovereign wealth funds in this episode of Follow the Money. Rachel gives her opinion on the Blackstone infrastructure fund. This podcast was recorded on May 24, 2017. Download the Episode CONTENTS 1:05 Chatting about Saudi Arabia, SoftBank Group and Sovereign Wealth […]

In the World of Offshore Peruvian Natural Gas, CNPC to Bet Big on Block 58

China National Petroleum Corporation (CNPC), a state-owned oil giant, announced plans to invest US$ 2 billion in an oil and gas block located in Southern Peru. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

China Life Finances ElmTree US Portfolio with $950 Million Recap

For quite some time, China Life Insurance Group, the largest financial insurance corporation in China, has signaled a desire to invest in overseas fixed income investments. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

ESTIMATE – Sovereign Funds Experienced $16.6 Billion in Net Losses from GFC Bank Bailouts

Was it worth it? For a select group of sovereign funds the consensus answer is clearly “no” from a financial standpoint regarding tens of billions spent on bailing out financial institutions during the global financial crisis (GFC). Many of these institutional investors incurred losses from these lifeline investments. SWFI estimates that US$ 56.48 billion was […]

SWFI First Read, May 23, 2017

Ping An Insurance Leads Series A in Huya China Ping An Insurance Overseas (Holdings) Ltd., a unit of Ping An Insurance, led a US$ 75 million Series A round in Huya. Huya is a live-video streaming platform owned by YY Inc, a Chinese listed social networking platform. Other investors in the round include Engage Capital, […]


Quadrant Private Equity to Sell Icon Cancer Care to Investor Group

Sydney, Australia-based Quadrant Private Equity Pty Limited sold its ownership in Icon Cancer Care Group, an Australian healthcare organization focused on cancer treatment. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, May 19, 2017

Like Others, CPPIB Grows Net Assets CPPIB grew net assets to C$ 316.7 billion at March 31, 2017. In addition, the portfolio return generated an investment return of 12.2%. The return was calculated differently compared to the previous fiscal year, as well as the classification of asset classes. In the reported fiscal year, CPPIB conducted […]

China Aerospace Science and Technology Corp Leads Fundraise for SOE Innovation Fund

Beijing-based China Aerospace Science and Technology Corporation is a state-owned enterprise (SOE) that is the main contractor for China’s space program. China Aerospace Science and Technology is backing a fund with other SOEs and state-backed banks to form the named State-Owned Enterprises China Innovation Fund, targeting 150 billion RMB (US$ 21.76 billion) in a fund […]

SWFI First Read, May 17, 2017

APG Continues to Play in Dutch Residential Leasing Market APG Asset Management is part of a group of investors to kick in an additional €280 million into a portfolio of Dutch residential rental properties overseen by Rotterdam-based Vesteda. The money will target opportunities in the areas of Ranstad, Brabant and other cities in Netherlands. Vesteda […]

$124 Billion Pledge for the New Silk Road

On May 14th, 2017, Chinese President Xi Jinping pledged US$ 124 billion for his new Silk Road plan, luring more countries and corporations into its geopolitical clout. Also known as the One Belt, One Road program, which was revealed in 2013, the New Silk Road looks to expand beyond the interconnectedness of Asia and Europe. […]

Qatar Investment Authority Trims Shares in Agricultural Bank of China

The Qatar Investment Authority (QIA) over 2017 has been trimming its equity holdings in the Agricultural Bank of China Ltd. On April 13, 2017, Qatar Holding LLC, the sovereign wealth enterprise (SWE) of the QIA, sold off 30 million H shares. China’s five major listed banks in April demonstrated shrinking interest margins, causing quarterly profits […]

Temasek Invests in Yichang Hec Changjiang Pharmaceutical

Singapore’s Temasek Holdings has invested in a Chinese pharmaceutical company that manufactures an anti-flu product, among other drugs. Through a series of subsidiaries, Bartley Investments Pte. Ltd., a sovereign wealth enterprise (SWE) of Temasek Holdings, purchased 15.1 million H shares in Yichang Hec Changjiang Pharmaceutical Company Limited. This transaction was recorded on April 27, 2017. […]