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 […]

Follow the Money – Episode 29

In the first Follow the Money – Global Connections episode of the New Year, Rachel Pether has a conversation with David Meredith of Hassad Food, which is part of the Qatar Investment Authority (QIA). Hassad Food is Qatar’s premier investor in the food and agri-business sectors. Pether and Meredith discuss direct investments, trade, investments in […]

AIMCo Names Two New Board Members

The Alberta Investment Management Corporation (AIMCo) has two new board members, Kenneth Kroner and Phyllis Clark. The official appointments follow the signing of the Order in Council by the Lieutenant Governor of Alberta on November 29, 2016. On behalf of the Board of Directors, AIMCo Chair, Mac Van Wielingen states in a December press release, […]

Nygard Officially Promoted to CIO of Asset Strategies at NBIM

Geir Øivind Nygård has been appointed Chief Investment Officer (CIO) Asset Strategies in Norges Bank Investment Management (NBIM). He replaces Oyvind Schanke, who was appointed CEO at SKAGEN. [ 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 […]

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) […]

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)

Ireland Strategic Investment Fund Dumps Tobacco

The Ireland Strategic Investment Fund (ISIF) has finalized the sale of its remaining investments in tobacco manufacturing and tobacco-related assets. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

15 Companies Added to Norges Bank Exclusion List Based on Coal

Norges Bank, the ultimate parent of Norway’s Government Pension Fund Global (GPFG), has decided to exclude 15 new companies from its sovereign fund based on the product-based coal criterion in the guidelines for observation and exclusion. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

ESTIMATE: Tobacco Ban Cost CalPERS Over $3.6 Billion in Potential Gains

UPDATE: On December 19, 2016, the CalPERS investment committee, by a 9-3 vote, approved a motion to expand the ban on investing in tobacco-related stocks to more than US$ 500 million invested in externally managed funds. In addition, the committee decided to not vote on an investment staff resolution to reinvest money into tobacco-related stocks. […]

KIA to Have Dow Chemical Preferred Stock Converted to Common Shares

Michigan-based Dow Chemical Company announced its intentions on December 15, 2016, that they will convert Series A preferred stock into shares of Dow common stock. The effective date of the conversion will be December 30, 2016. The amount is equivalent to about US$ 4 billion in preferred shares. [ Content protected for Sovereign Wealth Fund […]

SWFI First Read, December 18, 2016

New Zealand Superannuation Fund to Commit up to NZ$ 260 Million to SMEs in NZ Companies The New Zealand Superannuation Fund (NZ Super Fund) plans to invest up to NZ$260 million in small and medium-sized New Zealand companies over the next 5 to 10 years. The NZ Super Fund is investing up to NZ$90 million […]

RDIF and JBIC Form Joint Investment Fund

The Russian Direct Investment Fund (RDIF) and Japan Bank for International Cooperation (JBIC) have signed a Memorandum of Understanding (MoU) which sets out the agreement to establish a Russia-Japan Investment Fund (RJIF). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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, […]

Follow the Money – Episode 26

Rachel gives a detailed low down on what happened at a recent Bloomberg event in the United Arab Emirates. I discuss updates with SoftBank and U.S. President-elect Donald Trump. Rachel and I discuss the Rosneft deal and how emerging markets may react to a new investment paradigm. I talk about our recent asset manager’s guide […]

Friday SWFI News Roundup, December 9, 2016

2022: BlackRock to Move HQ to 50 Hudson Yards BlackRock is moving its headquarters from East 52nd Street (Midtown) to 50 Hudson Yards. Hudson Yards is partially backed by sovereign wealth money such as the Kuwait Investment Authority (KIA). The move is targeted for 2022. Lucien Wong to Resign from Temasek Holdings’ Board On November […]

SWFI Believes in Youth Career Development

SWFI’s Vince Berretta participated in a Seattle region event that promotes youth career development in the region. The event took place at Highline High School in Burien, WA. Non-profits and other organizations can reach out to us here. More Photos

EXCLUSIVE: A Conversation with State Super CEO John Livanas

Australian super funds are encountering a number of headwinds, including operating in a low-yield world, all while trying to meet their ever-shifting and, at times daunting, liabilities. Passive equity investing, though low in cost, has proven to be too volatile for many of these super funds to embrace. So the question remains, how can they […]

Trump Victory Excites Japanese Institutional Investors

Will there be a resurgence of Japanese capital into the United States? In the 1980s and 1990s, Japan was a major foreign investor into the United States, buying up equities and prized real estate. Japan’s Government Pension Investment Fund (GPIF) earlier indicated that a push for U.S. infrastructure spending would intrigue the public fund into […]

BRIEFING: Annual Strategic Briefing 2016 on Sovereign Funds and Pensions

This is a concise executive briefing on trends that could impact the asset management industry into 2017 by sovereign investors, pensions and other public funds. The way asset owners perceive risk and costs is fundamentally changing the landscape in the investment management industry. The Sovereign Wealth Fund Institute (SWFI) has commissioned this report to discuss […]