Policy

SWFI First Read, September 28, 2016

Greece Seeks to Centralize State Assets Under SDSWF On September 27, 2016, lawmakers in Greece passed a number of reforms to assure the nation’s creditors that progress was being made. Greek parliament voted to transfer a certain number of state-owned assets into a strategic development sovereign wealth fund (SDSWF). State of Wisconsin Investment Board Loves […]


Chinese Government Announces State Enterprise Restructuring Fund

The Chinese government continues to take steps to reform many of its uncompetitive state-owned enterprises (SOE), while trying to reduce the debt burden on them as demand slows in areas such as steel, cement and coal. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SOFAZ Looks to Invest in EBRD’s Equity Participation Fund

The State Oil Fund of Azerbaijan (SOFAZ) is a sovereign investor that has substantial allocation toward fixed income assets. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


3 Simple Reasons Why the GIC is Optimistic on Asia

The sovereign wealth fund has skin in the game with regards to the economic successes of Asia. Singapore’s GIC Private Limited is a major institutional investor in Asia with offices throughout the continent. Despite heavily allocating capital to the West, the GIC has steadily immersed itself into nearly every Asian market, recently making a large […]


factor investing growth

PRIMER: What is a Sovereign Wealth Fund?

A Sovereign Wealth Fund (SWF) is a state-owned investment fund or entity that is commonly established from balance of payments surpluses, official foreign currency operations, the proceeds of privatizations, governmental transfer payments, fiscal surpluses, and/or receipts resulting from resource exports. The definition of sovereign wealth fund excludes, among other things, foreign currency reserve assets held […]


SWFI First Read, September 14, 2016

Ryan Casper Left ADIA [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


state street

CalSTRS Seeded Women Executive ETF

The California State Teachers Retirement System (CalSTRS) seeded US$ 250 million into an exchange-traded fund (ETF) called the Gender Diversity Index ETF (ticker: SHE) earlier this year. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Asian Public Fund May Use Blockchain in the Future

The blockchain industry has major ambitions to revolutionize various sub-industries of the financial services sector. Banks, asset managers and pensions are looking to reduce information technology costs will increasing operational efficiency. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


BRIEFING: Frustrated Sovereign Wealth Funds Pursue Corporate Debt

As wealth funds crave yield and security, are U.S. corporate bonds the only game in town? Demand for corporate bonds in the United States and Europe remains robust, each driven by differing factors. The boom in investment-grade U.S. corporate debt is in lockstep with the incremental decline in U.S. interest rates and further quantitative easing […]


Another Big Hire, ADIA Hires Former Citi Transitions Boss

The Abu Dhabi Investment Authority (ADIA) continues to lure former investment management professionals to Abu Dhabi and its massive asset owner organization. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


emerging markets sovereign wealth funds

After DOJ Decision, Shareholders Go After Private Prisons

Law firm Kessler Topaz Meltzer & Check, LLP has filed two class actions on behalf of shareholders. The first was against The GEO Group, Inc. which provides government-outsourced services, including the management of correctional and detention facilities in the United States and internationally. Kessler Topaz filed the lawsuit on behalf of purchasers of GEO Group […]


ADIA Names Garry Beaton as Global Head of Operations

The Abu Dhabi Investment Authority (ADIA) appointed Garry Beaton as global head of operations in the operations department. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Turkey’s Plan for a Sovereign Wealth Fund

Like some of its Gulf peers, the strategic development sovereign wealth fund (SDSWF) may have a tactical development aim to lure capital into the country. After the July 15 coup attempt, the Turkish government is moving forward on creating a sovereign wealth fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please […]


What Does Sovereign Wealth Have to Do with Leonardo DiCaprio?

The notorious sovereign fund embezzlement scandal involving Malaysian financier Jho Low has entangled a number of the Hollywood elite, including well known star Leonardo DiCaprio. The intricate scandal centers on the alleged abuse of funds at 1Malaysia Development Bhd., also known as 1MDB. 1MDB is known as a strategic development sovereign wealth fund (SDSWF), a […]


Opportunity Cost Model

Smart Beta: NZSF Moves NZ$ 600 Million to Two New Factor Strategies

Increasingly, asset owners such as sovereign funds and long-term pensions have embraced smart beta or factor-based investment strategies to enhance return and lower investment cost for beta. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Norway Sovereign Fund Generates 1.3% Return for 2nd Quarter 2016

Norway’s Government Pension Fund Global (GPFG) is one of the most written about sovereign funds. The massive sovereign fund had struggled in first quarter performance, while the fund dealt with a 24 billion kroner withdrawal in the second quarter of 2016 from the Norwegian government. However, the fund posted a 1.3% return for the second […]


Bain and Landor Associates Win Advising Mandate on Mubadala-IPIC Merger

The Government of Abu Dhabi have signed contracts with Bain & Co. and Landor Associates to advise on the merger of Mubadala Development Co. and International Petroleum Investment Company (IPIC). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Friday SWFI News Roundup, August 12, 2016

My Turn: CPPIB Looks to Open Sydney Office The Canada Pension Plan Investment Board (CPPIB) plans to formalize its existing operations in Sydney, Australia in fiscal year 2017 with a stand-alone CPPIB office. CPPIB has C$ 7.9 billion invested in Australia. Major Korean Asset Owners Contemplate Allocation to Cerberus RE Fund [ Content protected for […]


SWFI First Read, August 11, 2016

Vanguard Hires Former iShares Executive for European ETF Distribution Vanguard hired Andreas Zingg as head of exchange-traded fund (ETF) distribution management for continental Europe. From April 2014 to June 2016, Zingg was Head of iShares Middle East and Africa for BlackRock. He also spent a number of years as Head of Sales for iShares in […]


Gurus Worried, What Should Sovereign Funds Do?

Carl Ichan. Bill Gross. Jeffrey Gundlach. Stan Drunkenmiller. Get the picture? Several prominent investment gurus have recently made public comments regarding the state of the markets – playing a bearish tone of what is to come. Even investment banking mammoth Goldman Sachs gave a warning signal, as well as GOP U.S. Presidential candidate Donald J. […]