Infrastructure

SWFI First Read, February 7, 2016

Mongolia’s Parliament Passes Law on SWF Mongolia’s State Great Hural, the country’s unicameral parliament, passed a law on sovereign wealth funds. Slyngstad Raises Concerns About Volkswagen’s Ownership Structure In an interview published Febraruy 6, 2016 with Frankfurter Allgemeine Sonntagszeitung, Yngve Slyngstad, CEO of Norges Bank Investment Management stated, ” I don’t think the family wants [...]


Year of the Fire Monkey

2015 started off great, but finished weak. With three bullets of quantitative easing (QE) and forward guidance from the U.S. Federal Reserve, one would assume 2016 would have some level of positivity. 2016 is the year of the Fire Monkey and with that institutional investors need to be aware of hidden risks and signals. Large [...]


Asian Infrastructure Investment Bank Makes Senior Appointments

Hong Ki-taek, the current chairman of the Korea Development Bank, has been selected as vice chief of the China-initiated Asian Infrastructure Investment Bank (AIIB). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, February 1, 2016

Kessler Topaz Meltzer & Check Filed Class Action Against Esperion Therapeutics Radnor-based law firm Kessler Topaz Meltzer & Check, LLP filed a shareholder class action lawsuit against Esperion Therapeutics, Inc., a listed pharmaceutical company that focuses on developing and commercializing oral low-density lipoprotein cholesterol lowering therapies for patients with hypercholesterolemia. The class action alleges the [...]


PGGM’s Real Asset Efforts Kept Busy in Ireland and UK

Dutch pension fund PGGM joined a consortium to invest in a €230 million infrastructure project in Ireland. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


australia infrastructure

SWFI First Read, January 27, 2016

NZ Super Fund Returns 6.5% Over 2015 The New Zealand Superannuation Fund (NZSF) returned 6.5% over 2015. NZSF surpassed its passive Reference Portfolio benchmark, equivalent to a market return, by 2.8% or NZ$ 766 million during the 2015 calendar year. The sovereign wealth investor also more than doubled the return on New Zealand Treasury Bills, [...]


SWFI First Read, January 22, 2016

CalPERS CEO to Retire CalPERS CEO Anne Stausboll plans to retire, effective June 30, 2016. Stausboll spent 7 years at the pension giant. She has been CEO since 2009. Follow the Money: Episode 1 First Episode: here It is currently being hosted on Asset.tv which can be viewed off their site or a Bloomberg Terminal. [...]


RDIF and DP World Form Joint Venture

The Russian Direct Investment Fund (RDIF) formed a joint venture with DP World, a Dubai-based ports operator that operates an excess of 65 marine terminals across six continents. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, January 20, 2016

Temasek Participates in Meituan-Dianping Fund Raise [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Finnish Utility Elenia is up for Sale

Finnish utility Elenia Oy is the second biggest electricity distributor in the country, covering more than 100 municipalities in Finland. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


GIC Boosts Ownership in Brazil Equatorial Energia

Asian sovereign funds are cherrypicking emerging market assets in countries such as Brazil. Key sectors of interest include healthcare and energy infrastructure. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, January 14, 2016

Hedge Fund Guru Tepper Files Suit Against SunEdison David Tepper, through his hedge fund Appaloosa Management, filed a lawsuit against SunEdison, the solar manufacturing company. SunEdison’s stock fell over 84% over the past year. Tepper is not a shareholder of SunEdison, but a shareholder of TerraForm Power, SunEdison’s yield company. He wants to prevent TerraForm [...]


CEPSA Sells Interest in CLH to Borealis

Borealis Infrastructure, a unit of OMERS, acquired a 9.15% interest in Compañía Logística de Hidrocarburos (CLH) from CEPSA, a company owned by Abu Dhabi-based IPIC. CLH is a oil product transportation and storage company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Iraq to Market Grand Faw Container Port

Iraq’s Basra provincial council, located in southern Iraq, is seeking to list a holding company on the Iraq Stock Exchange. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, December 30, 2015

India’s NIIF Holds First Official Meeting The governing council of India’s National Investment and Infrastructure Fund (NIIF) held its first meeting on December 29th. The council decided to appoint a chief executive officer for the fund by the end of January. The fund will have a corpus of Rs 40,000 crore. Of that amount, Rs [...]


OTPP Part of Coalition to Buy Koole Terminals

The Ontario Teachers’ Pension Plan (OTPP) and institutional investors being advised by JP Morgan Asset Management acquired Netherlands-based Koole Terminals. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, December 17, 2015

Shin Kong Life Buys its First Direct London Office Property Taiwan insurers are looking overseas for core real estate properties. Shin Kong Life, the third largest insurer in Taiwan, made its groundbreaking property investment in London. Shin Kong Life bought 40 Gracechurch Street, an office property, for £136 million from Cornerstone Real Estate Advisers, the [...]


CPPIB Partakes in Second Tranche Toward L&T Infrastructure Unit

On December 15th, Mumbai-based Larsen & Toubro Limited (L&T), an engineering and construction conglomerate, through its subsidiary, L&T Infrastructure Development Projects Limited, received its second tranche of Rs 10 billion crore from CPP Investment Board Singaporean Holdings I, a unit of Canada Pension Plan Investment Board (CPPIB). [ Content protected for Sovereign Wealth Fund Institute [...]


$10 BILLION: China and UAE Form Joint Investment Fund

The United Arab Emirates seeks to play a key role with regard to China’s One Belt, One Road initiative which was launched in 2013. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, December 14, 2015

University of Vermont Endowment Allocates to EM Equity Mutual Fund The endowment for the University of Vermont and State Agricultural College allocated US$ 5 million in the Polunin Developing Countries Fund, an emerging markets equity mutual fund. That allocation will be managed by London-based Polunin Capital Partners Ltd. The endowment has US$ 433 million in [...]