Policy

CIC Overseas Portfolio Battles Low-Yield Forces

The China Investment Corporation (CIC) suffered a negative return on its overseas portfolio. The portfolio returned -2.96% in 2015 compared to a 2014 return of 5.47%. However, CIC’s total assets rose past US$ 810 billion, beating out the Abu Dhabi Investment Authority (ADIA) in assets under management in terms of SWFI’s sovereign wealth fund rankings […]


Here Are 3 Changes Made by a Mega Sovereign Wealth Fund

The Abu Dhabi Investment Authority (ADIA) is the largest sovereign wealth fund in the Gulf. ADIA has a massive operation, consisting of over 1,700 employees, compared to just over 500 back in 1988. A number of public institutional investors are keen on how ADIA deploys its assets. The wealth fund giant has made a number […]


SWFI First Read, July 16, 2016

Attempted Turkey Coup Unravels On July 15, 2016, sections of the Turkish military, the “Peace at Home Council,” attempted to overthrow the Turkish government. Soldiers had stormed Turkey’s state-run broadcaster declaring martial law and that they had taken over the government. Soldiers were deployed to the streets of Ankara and Istanbul. The military told people […]


Korea’s NPS May Sue Daewoo Shipbuilding & Marine Over Accounting Shenanigans

Korea’s National Pension Service (NPS) revealed that it may file a damages suit against Daewoo Shipbuilding & Marine Engineering Co., Ltd (DSME) on suspicions of accounting fraud. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Highest Year of Divestment for Temasek

Singapore’s Temasek Holdings recently released its latest annual report. Temasek’s net porfolio value was S$ 242 billion as of March 2016 versus S$ 266 billion from March 2015. The total shareholder return for the annual period was -9.02%, versus a strong return of 19.2% for the 2015 fiscal year. Temasek’s energy and natural resource investments […]


Abu Dhabi Crown Prince Orders Mubadala and IPIC to Merge

Mega financial and business entities in the Gulf appear to be in consolidation and efficiency mode. Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces issued a directive to merge Mubadala Development Company and International Petroleum Investment Company (IPIC). Mubadala Profile | IPIC Profile [ Content protected […]


Silk Road Fund Building Allies in Eastern Europe

China’s Silk Road Fund, Wuhan-based China Gezhouba Group Co., Ltd. and China Environmental Energy Holdings Co., Ltd. signed a Memorandum of Understanding (MoU) with the Government of Serbia on joint investment and development projects in the renewable sector in Belgrade. The signing occurred on June 18, 2016. The MoU details that China Gezhouba Group and […]


Irish FinMin Noonan Reveals Plan for Reserve Fund

Irish Finance Minister Michael Noonan announced the government plans to launch a reserve fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Deloitte Consulting Buys Casey Quirk

On June 17th, 2016, Deloitte Consulting acquired Casey, Quirk & Associates LLC, a money management consulting firm. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Flash Boys Hero Wins, Wealth Funds Rejoice

On Friday June 17th, IEX Group Inc., the company founded by Brad Katsuyama, won SEC approval to run a U.S. stock exchange. IEX will be the 13th U.S. national stock exchange certified by the SEC. Before the approval, IEX ran as an alternative trading system. IEX garnered additional fame when it was included in Michael […]


Temasek Holdings Forms Americas Advisory Panel

In an effort to get better insight and possibly enhance deal flow, Singapore’s Temasek Holdings has formed an Americas advisory panel. The European advisory panel was launched in January 2016. The Americas advisory panel held its first meeting on June 14-15 in New York. Dilhan Pillay Sandrasegara, President and Head, Americas at Temasek, said in […]


Two Breathtaking Legal Cases in SWF Land

The first legal case that has hit all major media headlines is the lawsuit against Goldman Sachs by the Libyan Investment Authority (LIA). The case is being handled in London’s High Court of Justice and circles around a US$ 1 billion case on derivative trades. Société Générale is also being legally pursued by the LIA […]


SWFI First Read, June 5, 2016

Trinidad & Tobago Experiences First Drawdown of Wealth Fund The Trinidad & Tobago government has withdrawn 2.5 billion TTD (US$ 385 million) from the country’s Heritage & Stabilization Fund. This is the first time there has been a drawdown of the Heritage & Stabilization Fund. The fund will back-pay government workers. India FinMin: NIIF and […]


Doug Pearce

Former bcIMC CEO and CIO Named to NZSF Board of Guardians

Doug Pearce has been appointed to the Board of the Guardians of New Zealand Superannuation, the manager of the New Zealand Superannuation Fund (NZSF). Pearce is the founding CEO and CIO of British Columbia Investment Management Corporation (bcIMC). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Brazil Could Liquidate Sovereign Fund

Brazil is in the midst of painful recession, coupled with political troubles reaching the highest levels of government. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


factor based investing

BUYING: Smart Beta Dreams

Money managers are hustling to get a larger piece of the smart beta market, as hundreds of billions exit traditional mutual funds. Increasingly, sovereign wealth funds and pensions are using smart beta exchanged-traded funds or employing factor-based strategies in their portfolios, according to SWFI research. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers […]


Khazanah Nasional Formally Opens London Office

Malaysia’s Khazanah Nasional officially opened its London office. A unit called Khazanah Europe Investment Limited (KEIL) was created and will be the wealth fund’s operational headquarters for Europe. The office is located at The Shard, which is located in Southwark, London. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to […]


qatar

Reorg: QIA Shifts Internal Resources

The Qatar Investment Authority (QIA) has been undergoing reorganization, seeking to redo its asset allocation and analyze how it can group assets into different units with defined goals. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


World’s Largest Sovereign Fund Pursues Legal Action Against Volkswagen

The Financial Times is reporting that Norges Bank Investment Management (NBIM), the manager of Norway’s sovereign wealth fund plans to join a class action in German courts against carmaker Volkswagen AG in regard to the emissions scandal. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


China’s NSSF Preps for Growth

China’s National Social Security Fund Council (NSSF) is looking to gear up operations. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]