Central Banking

SWFI First Read, September 22, 2016

Last Year Malaysia’s KWAP Invested in Uber Kumpulan Wang Persaraan, also known as KWAP, revealed that in 2015 they had invested in the Series G round of car-hailing app Uber Technologies, committing around US$ 30 million. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Friday SWFI News Roundup, September 16, 2016

Datuk Johari Abdul Ghani Appointed to Khazanah Nasional’s Board of Directors Khazanah Nasional’s board of directors appointed Datuk Johari Abdul Ghani to its board. Datuk Johari is currently Minister of Finance II of Malaysia. Prior to his current appointment on June 27, 2016, Datuk Johari was the Deputy Minister of Finance. FINTECH: BNY Mellon Hires […]


BlackRock NY

BlackRock Trades in Negative-Yielding Corporate Debt

Negative-yielding fixed income debt is becoming hard to avoid, especially if you are an institutional giant. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Friday SWFI News Roundup, September 9, 2016

Private Iranian Banks Plan to Open in Munich Sina Bank and Middle East Bank, two private Iranian banks, are opening up branches in Munich, Germany. Middle East Bank hopes to open its Bavarian branch by the end of 2016. Sina Bank was formed in 1985 and is listed under the Tehran Stock Exchange. Sina Bank, […]


Low Growth, Low Inflation, Low Interest Rates

Institutional investors are getting increasingly frustrated about what the Federal Reserve plans to given the increasingly non-committal statements by central bank officials. With multiple perspectives from Fed officials, there is an everlasting collection of growing ambiguity. Are they being hawkish or bouncing back to dovish tones? To be fair to central bankers, they are combating […]


GIC Takes Large Stake in Vietcombank

Singapore’s GIC Private Limited and the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) signed a Memorandum of Understanding (MoU) for GIC to acquire a 7.73% stake on a fully enlarged basis in Vietcombank. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, August 29, 2016

Easier to Look for Pokemon Says Invest AD’s Sachin Mohindra In an August 24, 2016 interview on Bloomberg Markets Middle East, Sachin Mohindra, Senior Vice President at Invest AD, said that it is “easier to look for Pokemon, than to look for yields.” Mohindra discussed Invest AD’s allocation to Saudi Arabian equities and has invested […]


Abu Dhabi Fund for Development Deposits $1 Billion in Central Bank of Egypt

The Egyptian government is running short on cash. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Insurance Executive to Oversee Central Huijin

Caixin reports that Bai Tao, a vice president at China Life Insurance (Group) Co., is expected to be named President of Central Huijin Investment Ltd. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Asset Owners Tepidly Embrace Emerging Market Debt Again

Is it scarier investing in a double-digit yielding government bond from an emerging market or a negative-yielding sovereign bond from the West? 2016 has been the year of sinking government bond yields. Satisfying income-starved asset owners such as pensions has become a major obstacle for both internal fund management and external fund managers. For the […]


Friday SWFI News Roundup, August 5, 2016

CIC Eyes Stake in Melbourne CBD Property from Mirvac The China Investment Corporation (CIC) is looking at acquiring a A$ 500 million stake in a Melbourne central business district property at 477 Collins Street. Mirvac is considering selling a 50% stake in the building. Mirvac must first introduce the deal to Aviva Investors who has […]


Follow the Money – Episode 16

In this episode, I get Nicholas Garrott’s insider perspective on post-Brexit, the future of the United Kingdom and asset owner European targets, from a macroeconomic expert who served under former London Mayor Boris Johnson’s administration. Garrott now works for Kyklos London. Kyklos London was founded by Dr Gerard Lyons. I ask Nicholas on his thoughts […]


Hani Kablawi Named Head of Investment Services for EMEA at BNY Mellon

Hani Kablawi was named Head of Investment Services for Europe, the Middle East and Africa (EMEA) at BNY Mellon. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Khazanah Eyes Stake in Hong Leong Assurance

Malaysia’s Khazanah Nasional is analyzing a bid to buy a 70% stake in Hong Leong Assurance Berhad and a 65% stake in Hong Leong MSIG Takaful Berhad. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI – Movers and Shakers – July 18, 2016

Lending Club Hires iShares Executive for COO Role [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Qatari Royal Family is the Largest Shareholder in Deutsche Bank

Deutsche Bank which has been struggling with its share price over the past years said that Qatar’s al-Thani family has increased its stake in the bank near 9%. Shares of Deutsche Bank are down almost 43% since the start of 2016. As of August 2015, the family controlled 6.1% in the bank. The family owns […]


Friday SWFI News Roundup, July 15, 2016

GETTING BIGGER: BlackRock’s AUM Reaches Record High BlackRock, the world’s largest publicly traded money manager, reported assets under management of US$ 4.89 trillion from June 2016. This is up from 3.6% a year earlier and 3.2% from March 2016. BlackRock CEO Lawrence Fink in a quarterly press release stated, “We are seeing increasing evidence that […]


Fullerton Financial to Name JPMorgan IB Chief of Singapore as CIO

Fullerton Financial Holdings Pte, a sovereign wealth enterprise of Singapore’s Temasek Holdings, hired an executive from JPMorgan Chase & Co. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


state street

State Street to Pilot DTCC-Euroclear Margin Settlement Service

Driving standardization, greater transparency and increasing efficiency appear to be common themes when it comes to the margin settlement process. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Bank of Japan Scales up ETF Buying

The Bank of Japan (BOJ) started buying exchange-traded funds (ETF) in 2010 to carefully stimulate market forces and promote greater risk taking. The central bank measure created a bit of controversy, as equities do not redeem like bonds. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]