BlackRock NY

BlackRock CEO Highlights Wealth Funds Not Leaving Equities

On CNBC’s show “Squawk Box” this morning, BlackRock CEO Larry Fink brought up that “he has not seen other than 1 major sovereign fund, sell equities in the last 6 weeks.” Fink explained that fast money and hedge funds are the actors of the recent activity in the stock market.[ Content protected for Sovereign Wealth [...]

Former Chinese Sovereign Fund Chair to Lead World Bank Rival

According to the International Monetary Fund (IMF), China recently passed over the United States to be the world’s largest economy according to their calculations. The IMF method used to calculate this uses adjustments for purchasing power parity. For instance, China makes up 16.48% of the world’s purchasing power-adjusted gross domestic product (GDP) versus the United [...]

GROW: Nigeria Sovereign Investment Authority Seeks to Manage up to $5 Billion

Officials from the Nigerian Federal Government are contemplating the addition of more capital to total US$ 5 billion for the Nigeria Sovereign Investment Authority (NSIA) to manage, the entity that manages three of Nigeria’s sovereign funds. Dr. Ngozi Okonjo-Iweala, Nigeria’s Finance Minister, briefed members on the sidelines of last week’s IMF/World Bank Annual Meeting in [...]

Citigroup Banking

US Supreme Court Rejects ADIA’s $7.5 Billion Citigroup Dispute

Yesterday, the U.S. Supreme Court rejected a move by the Abu Dhabi Investment Authority (ADIA) to resume pursuing New York-based Citigroup for funds lost in a US$ 7.5 billion investment. ADIA was one of a number of sovereign wealth funds that bailed out Wall Street.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. [...]

Press Release – SWFI Survey of Public Funds Shows Strong Interest in Smart Beta

FOR IMMEDIATE RELEASE Download PDF of Press Release Includes survey of 72 public institutions, including 16 SWFs, with over US$ 2.9 trillion in public investor capital represented. Interviews with 8 asset owners from 8 different countries with combined AUM of over US$ 250 billion. Additional research provided by four leading practitioner firms: Northern Trust Asset [...]

AP1, Qatar Holding Invest US$ 340 Million in Ackman’s Pershing Square

Pershing Square Holdings Ltd raised US$ 2.7 billion in a European initial public offering with a substantial portion of the capital coming from two public investors: Qatar Holding LLC and the Swedish pension Forsta Ap-Fonden (AP1). Pershing Square Holdings Ltd is part of activist investor Bill Ackman’s suite of products. Ackman is the founder of [...]

Press Release – Public Investor 100 Rankings Released for 2014

FOR IMMEDIATE RELEASE 2 October 2014 SEATTLE, WA, UNITED STATES Press Inquiry: vberretta@swfinstitute.org SEATTLE, WA. – 2 October 2014 – The Sovereign Wealth Fund Institute (SWFI) has just released its second annual Public Investor 100. The list includes the most significant and impactful public investor executives of 2014. The top 10 ranking assembles the most [...]

Qatar Wealth Looks to Turkish Food Sector

Hassad Food, a sovereign wealth enterprise of the Qatar Investment Authority (QIA), is honing its efforts into Turkey’s food sector. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

SPIVA Europe Scorecard: Measuring the Effectiveness of Passive Investing in Europe

This article is sponsored by S&P Dow Jones Indices. By Aye M. Soe, CFA Senior Director, Index Research & Design At the heart of the active versus passive management debate lies the theoretical underpinning that the average return of both actively and passively managed assets must equal the aggregate market, thereby making it a zero-sum [...]

NMSIC Onboard: Sovereign Wealth Funds Adopting Smart Beta

The New Mexico State Investment Council (NMSIC) has embarked on a search for one or more smart beta managers to manage US$ 1 billion. The search is for two different types of smart beta managers: smart beta managers focusing on low volatility, and smart beta managers focusing on fundamental value strategies. The smart beta allocation [...]

Press Release – SWFI Establishes Event Advisory Board

FOR IMMEDIATE RELEASE 24 September 2014 TAMPA, FL, UNITED STATES Press Inquiry: bclasen@swfi.com Download PDF of Press Release TAMPA, FL. – 24 September, 2014 – The Sovereign Wealth Fund Institute (SWFI) has recently named 10 current and former executives and advisors from some of the largest public funds globally to its Event Advisory Board. Rinchinnyamyn [...]

Yngve Slyngstad

Looming Issues: NBIM Ponders Appropriate Benchmarks

Norges Bank Investment Management CEO Yngve Slyngstad gave some remarks on benchmarking at Norway’s Ministry of Finance, poking holes at current indexes. Norway’s Government Pension Fund Global derives its wealth from oil. The fund expanded into public equities in 1998 and in recent years institutional real estate. Norway’s sovereign wealth fund has added overseas real [...]

Texas Permanent School Fund Approves $900 Million in Active Quantitative EM Equities

Mandates on emerging market equities continue to proliferate among U.S. public funds. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Defense Counters: More Details Revealed in Goldman vs. LIA Trial

The US$ 1 billion lawsuit over the 9 “dubious” derivatives transactions between the Libyan Investment Authority (LIA) and Goldman Sachs has moved forward. Goldman Sachs has prepared for its defense, releasing nuggets of information refuting the LIA’s claims. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Kuwait Sovereign Wealth Fund Sees Increased Activity in Germany

The Kuwait Investment Authority (KIA) has been bullish on Germany for decades – moving billions into the country. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

It’s Official: CIC Shifts Executives, Lau Steps Down

The China Investment Corporation (CIC) appointed Guo Haoda to chair the Board of Supervisors. He replaces Li Xiaopeng. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

3 Trends Forcing Sovereign Funds to Rethink Tactical Asset Allocation

On September 15, Paris-based Organization for Economic Cooperation and Development (OECD) chopped its economic growth forecast for the United States and other large developed countries. The OECD painted a picture of the Eurozone facing very low inflation rates, pushing back demand and heightening unemployment. There is amplified divergence occurring in economic markets. Some countries are [...]

NZ Labour Party Cunliffe Unveils Sovereign Wealth Plan

Politics is heating up in New Zealand as the opposition party unveiled some new elements to their platform. New Zealand’s Labour Party, headed by leader David Cunliffe, wants to establish a sovereign wealth fund to invest in new companies. Cunliffe, a sitting member of NZ parliament, representing New Lynn, West Auckland, mentioned the companies also [...]

India deals

Singapore Sovereign Wealth Centers on the Indian Consumer

Singapore sovereign wealth fund Temasek Holdings has been pursuing opportunities in India’s consumer sector. With a regional office in Mumbai, Temasek is gearing up for more deals. Temasek is likely to make a bid for New Delhi-based Devyani International, a store operator of KFC, Pizza Hut and Costa Coffee locations in India. [ Content protected [...]

Sovereign Wealth Funds and Russia

Putin to Limit Usage of Russia’s Sovereign Fund

Russian President Vladimir Putin mentioned on September 1, 2014, that Russia cannot spend more of its National Welfare Fund on growing capital expenditures. This is after the Russian government augmented the cap on the amount allocated toward domestic investments. 40% of the National Welfare Fund can be spent on domestic investments. The Ukraine conflict has [...]