Policy

Mint Asset Management Wins Active NZ Equity Mandate from NZSF

New Zealand-based Mint Asset Management was awarded a NZ$ 150 million active New Zealand equities mandate from the New Zealand Superannuation Fund (NZSF). Mint Asset Management was formed in 2006 and is led by Rebecca Thomas. The other mandate in active New Zealand equities is with Devon Asset Management. The third active New Zealand equities [...]


Norwegian NGO Tells Wealth Fund to Dump Coca-Cola

Water scarcity is a global issue that many countries and states face. India is one of them. The United Nations General Assembly has a position that clean drinking water and sanitation are important for human rights. Foreningen for Internasjonale Vannstudier (FIVAS), a Norway-based NGO, published a report, “Dead in the Water,” which brings to light [...]


APFC Appoints Valeria Mertz as Temporary CEO

Chief Financial Officer Valerie Mertz of the Alaska Permanent Fund Corporation (APFC) was named temporary executive director. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


BMO GAM Lands Responsible Investment Mandate with NZ Crown Financial Institutions

BMO Global Asset Management, part of BMO Financial Group, was appointed by the New Zealand Superannuation Fund (NZSF), Accident Compensation Corporation and Government Superannuation Fund to provide responsible investment engagement services globally. Combined, the three crown institutions manage US$ 41 billion. BMO provides a global engagement service called reo® in which the services are applied [...]


GAMECHANGER: Possibility of China’s NSSF to Manage More Local Pension Assets

China is making a few tweaks to its pension system to meet the demand of a rapidly aging demographic. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


MILESTONE: AIIB Holds Official Signing Ceremony

Beijing-based Asian Infrastructure Investment Bank (AIIB), an international development bank to rival the World Bank and Asian Development Bank (ADB), held its official signing at Beijing’s Great Hall of the People. The Articles of Agreement (AoA) were officially signed. This milestone event demonstrates China’s global economic influence. 57 counties including Germany, Singapore, United Kingdom, Australia [...]


Make Diversification your Beta

This article is sponsored by TOBAM. Yves Choueifaty, President and Founder of TOBAM, explains why concepts such as “smart beta” or “neutral portfolio” require clear definitions and how the Maximum Diversification® approach answers the need for beta. What is your definition of Smart Beta? What makes a beta smart? TOBAM is one of the founders [...]


Italian PM Renzi Eyes Role for CDP in Stimulating Domestic Economy

Italy Prime Minister Matteo Renzi has further plans to utilize the country’s large public institutional investor, Cassa Depositi e Prestiti (CDP), to stimulate economic growth and create jobs. Renzi is looking to follow the playbooks of France and Ireland. Several European countries have used strategic development sovereign wealth funds, state-owned funds and public pensions to [...]


Saudi Arabian General Investment Authority and RDIF Sign $10 Billion Co-Investment MoU

Russia is strengthening its southern and eastern economic ties by forming co-investment alliances with countries such as China, South Korea, United Arab Emirates and Saudi Arabia. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Abu Dhabi Investment Council Shuffles Board and Management

The Abu Dhabi Investment Council (ADIC) was issued a royal decree which entails a slight restructuring of the fund’s board of directors. Sheikh Mohammed bin Zayed Al Nahyan was named chairman of the board of the ADIC. He is the Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces. Mohammed bin [...]


Norway’s Fiscal Rule Committee Debates SWF Withdrawal Practices

Norway’s Ministry of Finance has a committee that debates the fund transfers between the country’s sovereign wealth fund and government. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


superannuation

Future Fund Settles Legal Battle Against AustralianSuper

Two of Australia’s public institutional investor giants have ended a legal battle that started in 2013 with a multi-million settlement. Australia’s Future Fund will pay AustralianSuper A$ 7 million. This amount will go toward legal costs of AustralianSuper. The wealth fund maintains it acted appropriately at all times and by settling is not admitting any [...]


esg institutional investor

3 Examples of Wall Street Embracing ESG to Meet Client Demand

Institutional investors are keen to invest with impact without sacrificing fiduciary responsibilities. To meet institutional investor demand, more Wall Street firms are shifting gears, attempting to create products to satisfy an environmental, social and governance (ESG) investor appetite. A number of asset managers like AXA Investment Managers use ESG factors in certain equity strategies. #1. [...]


Deep Dive with Dag Detter, Co-Author of The Public Wealth of Nations

What if I were to tell you that there is a way to meet America’s infrastructure needs and have more efficiently run state assets without having to raise taxes, privatize government assets, or shutter important public goods? The authors of “The Public Wealth of Nations,” give a fresh perspective and blueprint on how governments, both [...]


doha sovereign wealth fund

Qatar Investment Authority Reviews Asset Allocation

The Qatar Investment Authority (QIA) is reviewing its asset allocation targets, realigning its sector and geographic allocations to account for changes in global economic growth. The drop in the global price of oil and growing competition among infrastructure and high-quality property assets has affected the behavior of Gulf sovereign wealth funds. According to the SWFI’s [...]


SMART BETA: BlackRock Hires Academic Andrew Ang

BlackRock is putting more resources behind smart beta. BlackRock’s CEO Laurence Fink indicated on an April earnings call that the firm was looking to make strategic hires in factor-based investing. The asset manager giant has some US$ 125 billion in factor-based assets under management, fiercely competing against other giants such as State Street Global Advisors [...]


Former Wealth Fund Executive to Lead Deutsche Bank

On June 7th, Deutsche Bank co-CEOs Anshu Jain and Jürgen Fitschen announced their resignations. Jain will remain with the bank till the end of June. Fitschen will stay on board until May 2016 as co-CEO to ensure a smooth transition according to Deutsche Bank. John Cryan Replacing the banking executive duo is British-born John Cryan, [...]


NBIM Makes the Case Against Bundled Board Votes

Norges Bank Investment Management (NBIM), manager of Norway’s massive sovereign wealth fund, publicly issued a position paper titled, “Individual Vote Count in Board Elections.” The paper thoughtfully presents a case, arguing in favor that corporate board directors “should be elected with an individual vote count at the shareholder meeting, and the vote tally published.” Baby [...]


ADIA’s 20-Year Return from 2014 Creeps Upward

The Gulf region is home to a number of massive sovereign funds, due to its abundance of oil and natural gas resources. The Abu Dhabi Investment Authority (ADIA) published its 2014 annual review, documenting its investment strategy and external manager selection process. ADIA’s 20-year return for 2014 crept up to 7.4% from 7.2% in December [...]


Norway’s Oil Fund Could Exclude More Companies Exposed to Coal

Norway’s Government Pension Fund Global (GPFG) has been informed by the country’s Finance Committee that legislation is moving forward with regard on mandating the fund sell positions in companies that have a specified exposure to coal-related activities. Essentially, the proposed legislation on company exclusions will apply to listed companies that generate more than one-third of [...]