Policy

$3.39 Trillion Allocated to Equities by Sovereign Funds in 2016

The Sovereign Wealth Fund Institute (SWFI) research team estimates that at the end of 2016, US$ 3.39 trillion was being allocated to the listed equity asset class, an increase from 2015. There was also slightly increased asset allocation percentages in private equity, real estate and infrastructure, with fixed income facing a pullback. Sovereign fund allocation […]


Mark Burgess to Chair Investment Committee at HESTA

A former managing director from Australia’s Future Fund has joined the board of HESTA. Mark Burgess will chair the investment committee at HESTA, along with Melda Donnelly and Tim Hughes. Burgess will join the HESTA board as an independent non-executive director. The new investment committee will meet six times per year. [ Content protected for […]


KIC Awarded Global Bond Manager Mandates to U.S. Firms

The Korea Investment Corporation (KIC) had awarded global bond mandates to two major U.S. asset managers. The KIC is one of the largest public institutional investors in South Korea. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Norway’s Sovereign Fund Surpassed $900 Billion in Assets

Norway’s Government Pension Fund Global (GPFG) had 7,867 billion NOK (US$ 922 billion) in market value at the end of March 2017. The wealth fund returned 3.8% in the first quarter of 2017, benefiting from the rallying stock market in the United States. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please […]


Norway’s Sovereign Wealth Fund Issues Stance on Executive Pay

The world’s largest sovereign wealth fund is taking a principled stance on corporate CEO pay, arguing the current model adopted by most companies is flawed. Norges Bank Investment Management (NBIM), the manager of Norway’s Government Pension Fund Global (GPFG) crafted a policy paper on CEO remuneration. Like the corporate activist pension California Public Employees’ Retirement […]


CDPQ CIO Roland Lescure Exits Role for Public and Political Life

Roland Lescure, the Chief Investment Officer of Caisse de dépôt et placement du Québec (CDPQ), on April 5th, announced his intentions to leave his position. Lescure is exiting his role to enter public and political life. Lescure plans to return to France to enter politics. In a news release, Lescure stated, “I have spent the […]


Follow the Money – Episode 36

This episode was recorded on April 5, 2017. Rachel and Michael talk about current events in the world of institutional investors. There is an update on Mubadala and its 2016 financial results. Michael brings up data centers, which leads into chatting about Seattle. They both touch on moral issues when it comes to divesting investments […]


Mubadala Reveals 2016 Financial Results

This article may be one of the last few times SWFI refers Mubadala as the Mubadala Development Company. The development company is becoming an “investment” company, after its merger with International Petroleum Investment Company (IPIC). The new entity will be called Mubadala Investment Company, targeting May 2017 for the birthing date. The merged entity will […]


Know Your Customer (KYC) is Becoming More Important Than Ever

The phrase “Know Your Client”, “Know Your Customer”, or “KYC” for short is becoming a more important term as an increasing number of global institutions are entering the fray, engaging in more alliances and transactions and working together on capital-intensive efforts. KYC is becoming increasingly vital as regulations sprout and fiduciaries should know what kind […]


SWFI – Movers and Shakers – March 28, 2017

Charlie Shaffer Joins Voya Investment Management to be Head of International Distribution Voya Investment Management hired Charlie Shaffer to be managing director and head of Institutional Distribution. He will be based in New York and report to Shaun Matthews, who is the Senior Managing Director, Head of the Client Group at Voya Investment Management. Shaffer […]


Hong Kong and Canada to Join AIIB

The Asian Infrastructure Investment Bank’s (AIIB) board announced on March 23, 2017 that Hong Kong and Canada were part of the 13 applicants approved for membership. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Nigerian Federal Government Announces Board Reconstitution for the Nigeria Sovereign Investment Authority

Nigeria’s National Economic Council (NEC), rising from its 74th session, announced the reconstitution of the Board of Directors of the Nigeria Sovereign Investment Authority (NSIA). This occurred on March 21, 2017. The new board can be viewed of NSIA’s institutional profile in SWFI.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe […]


Norway’s Sovereign Fund Generated Less Income Due to Ethical Divestment Policy

Norway’s Government Pension Fund Global (GPFG) generated 1.11% less in equity returns between 2006 and 2016 due to its policy on excluding companies on ethical grounds, according to a report released by Norges Bank Investment Management (NBIM). These exclusionary guidelines include companies engaged in severe environmental damages, labor issues and others such as the production […]


China and the U.S.: The Next Two Years for Institutional Investors

A lot can happen in two years. Look what just happened in the final five months of 2016. Even the most sophisticated of financial pundits and asset manager CEOs were hard pressed to believe a Trump rally would actually occur in late October 2016 given the momentous news cycle of 2016. Chief investment officers, both […]


Trinidad & Tobago Government Withdraws $251 Million from Heritage and Stabilization Fund

Depressed oil prices have exerted enormous pressure on the fiscal budget of Trinidad & Tobago, creating revenue shortfalls. On March 16, 2017, a budget move was approved to withdraw TT$ 1,712,200,000 (US$ 251 million) from the country’s Heritage and Stabilization Fund (HSF). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe […]


RDIF Inks Deal with Armenia Forming Russia-Armenia Investment Fund

The Russian Direct Investment Fund (RDIF) has formed the Russia-Armenia Investment Fund alongside the Armenian state-owned company SME Investments. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


RDIF and Turkey Wealth Fund Form a JV Country Fund

The neighboring countries of Russia and Turkey have formed a fund to help cement economic ties. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI Institutional Investor Forum 2017 – Scottsdale

In the backdrop of a roaring stock market, Spring training (for those baseball fans) and amazing weather, SWFI Institutional Investor Forum kicked off with a brief introduction from SWFI President Michael Maduell and MC Rachel Pether. The VIP institutional investor summit was held on February 21-22, 2017 at the Westin Kierland Resort & Spa. Soon […]


SWFI Institutional Investor Forum 2017 – Scottsdale Slider 1

Charismatic speaker Jeff DeWit shares seminal moments of the presidential campaign of Donald Trump in front of a global audience of international capital. < PREVIOUS 2 of 20 NEXT > CONTACT INFORMATION Sponsorship Information Carl Linaburg clinaburg(a)swfinstitute.org General Information events(a)swfinstitute.org Membership Information vberretta(a)swfinstitute.org


SWFI Institutional Investor Forum 2017 – Scottsdale Slider 2

Jeff Dewit draws many questions from the field. < PREVIOUS 3 of 20 NEXT > CONTACT INFORMATION Sponsorship Information Carl Linaburg clinaburg(a)swfinstitute.org General Information events(a)swfinstitute.org Membership Information vberretta(a)swfinstitute.org