Infrastructure

5 Fears and Dreams by Sovereign Funds Regarding Trump’s America

Will Donald Trump’s proposed policies drive up U.S. consumer and business spending – a number of large sovereign funds think so? Could the U.S. reach 4% GDP growth in 2017? On January 16th, the International Monetary Fund (IMF) raised its forecast for the United States over the next two years. Why? The IMF believes Donald […]


China Merchants Group Eyes Ethiopian Shipping SOE

China’s One Belt, One Road policy continues to expand, even throughout Ethiopia. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, January 16, 2017

ACCESS: GF International and Euroclear Sperahead China ETF In a bid to open up mainland China for European retail and institutional investors, GF International Asset Management, the U.K. subsidiary of the Chinese asset manager of GF Fund Management, has collaborated with Belgium-based Euroclear Bank to launch an international exchange traded fund (ETF). The ETF is […]


Nigeria Sovereign Investment Authority

NSIA to Form Company with GuarantCo for Infrastructure Bonds

The Nigerian government, through the Nigerian Sovereign Investment Authority (NSIA), is taking steps to create a platform where investors can invest in Nigerian infrastructure bonds, as the country faces issues luring large-capital foreign investors. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Follow the Money – Episode 28

This is a short year-end review episode. One of Rachel’s favorite stories in 2016 was the creation of the SoftBank Vision Fund. Michael talked about U.S. infrastructure and the opportunity that lies ahead for sovereign wealth funds, pensions and other institutional investors. Download the Episode CONTENTS 1:40 The Creation of the SoftBank Vision Fund 3:30 […]


Kuwait Government to Sell Shares in Az-Zour Project

As the population of Kuwait grows, demand for electricity and water has been increasing. The Az-Zour North Independent Water & Power Project is a significant development occurring about 100 kilometers south of Kuwait City. On November 26, 2016, the power project portion was completed, giving the region a 1,500 MW natural gas-fired combined cycle power […]


SWFI First Read, December 28, 2016

Actis Disposes Remaining Stake in Umeme London-based Actis, through its holding entity Umeme Holdings Limited (UHL), disposed its entire 14.3% minority stake, some 232,214,521 shares, in Uganda-based Umeme Ltd, an electricity distribution and supply company. Actis sold an over-subscribed block of 12% in Umeme to institutional investors including the Uganda National Social Security Fund (NSSF) […]


SWFI First Read, December 27, 2016

Statoil Wins Bidding for Offshore Wind Lease in New York Norwegian state-owned oil giant Statoil ASA has been declared the provisional winner of the U.S. government’s wind lease sale of 79,350 acres offshore New York with a bid of US$ 42,469,725. The auction was conducted by the U.S. Department of the Interior’s Bureau of Ocean […]


OTPP and CPPIB Finalize Investment in IDEAL Subsidiary Promotora Punta Cometa

On December 22, 2016, the Ontario Teachers’ Pension Plan (OTPP) and Canada Pension Plan Investment Board (CPPIB) finalized their investment in Promotora Punta Cometa, S.A. de C.V. which is the holder of shares in Autopista Arco Norte, S.A. de C.V. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view […]


AIIB Approves Loans, Port Duqm Project in Oman

Beijing-based Asian Infrastructure Investment Bank (AIIB) has approved two loans totaling US$ 301 million for transport sector projects in Oman. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Maduell on CNBC: Sovereign Funds are Looking to Spend in 2017

This is an interview with Michael Maduell on Squawk Box via CNBC Asia. To play the VIDEO, go to CNBC Here CNBC interview: “Asset allocation in infrastructure is expected to increase, says Michael Maduell at the Sovereign Wealth Fund Institute.” Date: December 23, 2016 (Singapore Time)


ATP and APG Fund 3i Group’s Takeover of EISER Infrastructure Assets

APG Asset Management and Denmark’s ATP are financially backing 3i Group’s takeover of assets owned by the EISER Global Infrastructure Fund. The seller is London-based EISER Finance Limited. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


EDF Sells 49.9% Stake in RTE to CDC and CNP Assurances

On December 14, 2016, Caisse des Dépôts (CDC) and CNP Assurances inked a deal to acquire a 49.9% equity stake in Réseau de Transport d’Electricité (RTE) from EDF. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CalPERS: Cutting Back on Private Equity and Global Equities

On December 19, 2016, the California Public Employees’ Retirement System (CalPERS) held their year-end investment committee meeting. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Friday SWFI News Roundup, December 16, 2016

FRR to Exclude Tobacco and Thermal Coal from Bond and Equity Portfolios Paris-based Fonds de Réserve pour les Retraites (FRR) will now have to exclude tobacco companies and companies that derive more than 20% of their revenue from thermal coal extraction from the fund’s equity and bond portfolios. This decision was made by FRR’s supervisory […]


SWFI First Read, December 15, 2016

Temasek Exits from CITIC Resources On December 9, 2016, Singapore’s Temasek Holdings sold 786,558,488 shares of CITIC Resources Holdings Ltd. at an average consideration of 1.235 HKD per share. Temasek had sold its whole 10.01% stake in CITIC Resources. Ontario Teachers’ and OMERS Explore Selling Stake in HS1 Borealis Infrastructure, the infrastructure unit of Ontario […]


SWFI First Read, December 14, 2016

Standard Life Investments Names Archie Struthers as Head of Investments Bill Lambert, the Head of Investments of Standard Life Investments, is retiring in March 2017. Taking his spot is Archie Struthers who was named Head of Investments, effective January 9, 2016, for Standard Life Investments. Struhers will report to the company’s chief investment officer Rod […]


Qatar Sovereign Fund Could Invest $10 Billion in U.S. Infrastructure

Reuters reported that Sheikh Abdullah bin Mohamed bin Saud al-Thani, the top executive at the Qatar Investment Authority (QIA), met with U.S. Assistant Secretary of State for Economic and Business Affairs Charles Rifkin, in Doha, on December 12, 2016. The news agency reports that the QIA chief told U.S. officials they plan to invest US$ […]


SWFI First Read, December 13, 2016

Amundi Acquires Pioneer Investments Amundi is acquiring Pioneer Investments from UniCredit for €3.55 billion. UniCredit sold the asset manager in a bid to shore up cash, as the Italian banking giant seeks to have a fund raise. Amundi’s acquisition of Pioneer Investments will add more assets under management, about €222 billion, to its growing platform, […]


5 Signs Showing Sovereign Funds Gearing for Spending in 2017

1. Sovereign Investors are Falling Short on Infrastructure Targets There is a compelling reason why many sovereign fund executives attend conferences, chat with bankers constantly and spend internal resources on networking. Finding quality infrastructure investments is a tough endeavor. Long-term wealth funds have revamped their allocations over the past few years to target more real […]