3 Ways Sovereign Funds are Enhancing Stock Selection Capabilities

Never mind outsourcing all of your assets to investment managers. Asset-rich sovereign funds and pensions have convinced their stakeholders to boost personnel over the years to save on fees and costs. Clearly, more fixed income and equity assets are being managed in-house than ever before. A major concern for institutional investors on the public side [...]

Will Pensions and Sovereign Funds Ditch FANG Stocks?

Is the worst yet to come for U.S. technology equities such as LinkedIn, GoPro and marketplace giant Amazon.com? First, let’s define FANG for people unfamiliar with the acronym. FANG stands for Facebook, Amazon.com, Netflix and Alphabet (formerly known as Google). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view [...]

london real estate

Allianz Global Investors Buys Rogge Global Partners

Allianz Global Investors, which already owns fixed income mammoth Pacific Investment Management Company (PIMCO), acquired a 100% stake in London-based Rogge Global Partners, a fixed income specialist company. The seller is Johannesburg-listed financial services firm Old Mutual PLC which owned a 74% stake in the fixed income manager. [ Content protected for Sovereign Wealth Fund [...]

Year of the Fire Monkey

2015 started off great, but finished weak. With three bullets of quantitative easing (QE) and forward guidance from the U.S. Federal Reserve, one would assume 2016 would have some level of positivity. 2016 is the year of the Fire Monkey and with that institutional investors need to be aware of hidden risks and signals. Large [...]

2015: Norway Divested from 73 Companies

Norway’s Government Pension Fund Global (GPFG) recently issued its annual responsible investment report revealing they divested from 73 companies in 2015 following an assessment of environmental and social risk factors. The divestment decisions are made by the manager of the fund, Norges Bank Investment Management (NBIM). NBIM uses its guidance under the management mandate. In [...]

Wealth Funds Not Immune from Lawsuits Says U.S. Appeals Court

The 2nd U.S. Circuit Court of Appeals stated that foreign sovereign wealth funds are not automatically immune from U.S. lawsuits. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

AIMCo Names New Chief Risk Officer

Alberta Investment Management Corporation (AIMCo), manager of funds which include Albertia’s Heritage Fund, hired Remco van Eeuwijk as chief risk officer. He replaces John Osborne who left AIMCo. Remco van Eeuwijk will report to AIMCo’s CEO Kevin Uebelein and serve on the corporation’s executive committee. Before taking this role, Remco van Eeuwijk was U.K. managing [...]

BNY Mellon Manhattan

SURVEY: More Listed Companies Are Engaging with Sovereign Funds

According to BNY Mellon’s global investor relations survey, Global Trends in Investor Relations, listed companies are continuing to increase their outreach with sovereign wealth funds. 65% of the survey’s respondents have engaged with sovereign wealth funds over the past year, up from 57% in 2013. Sovereign wealth funds are perceived to be long-term, intergenerational institutional [...]

Sovereign Funds Vs. Asset Managers: The Big Picture

A number of asset managers who focus on institutional investors such as commodity-based sovereign wealth funds have been ravaged with redemptions. The rapid descent of oil prices flummoxed wealth fund chiefs. In response to the oil glut, the money management spigot for investment managers running listed equity strategies has slowed. Furthermore, Middle Eastern sovereign funds [...]

Birtanov Appointed Chairman of Kazakhstan’s NIC

Yeszhan Birtanov was elected Chairman of the Management Board of the National Investment Corporation (NIC), officially taking office on January 11, 2016. He replaces Berik Otemurat who had resigned as chairman. Birtanov has worked as Chairman of the Management Board of the Kazakhstan Stock Exchange JSC (KASE) since July 1, 2015. View Institutional Investor Profile [...]

CASH: Future Fund’s Highest Levels Since 2009

Australia’s Future Fund shifted more assets into cash, as fund executives see an increase in global investment risk and uncertainty. By the end of 2015, the wealth fund had over 20% of assets in cash. The wealth fund has pulled back from emerging market equities where assets made up 9.4% of the investment portfolio a [...]

Kuwait Plans for a Strategic Development SWF

Gulf petrostates are in the midst of retooling their strengths and finances in a world where a decade-long crude oil boom has collapsed. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Mark Wiseman

Pensions and SWFs Circle Around S&P Long-Term Value Creation Global Index

The S&P Long-Term Value Creation (LTVC) Global Index was formed by a recommendation of the Focusing Capital on the Long Term Initiative (FCLT), founded by the Canada Pension Plan Investment Board (CPPIB) and consultancy firm McKinsey in 2013. Index provider S&P Dow Jones Indices sees that more institutional investors, such as pensions and sovereign funds [...]

Henry Ho Named Non-Exec SE Asia Chairman for Rothschild

Rothschild has hired Henry Ho to serve as non-executive chairman for Southeast Asia. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

KIC Appoints New CEO, Former World Bank Executive Director

The Korea Investment Corporation named a new CEO following the resignation of Hongchul (Hank) Ahn. This was reported by Simon Clark from the Wall Street Journal. Sung-Soo Eun will become the new CEO. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

What If Norway’s Sovereign Fund Replicated the Yale Endowment Model

Sovereign wealth funds are known for their long-term investment horizon and preference toward harvesting the illiquidity premium. Many wealth funds are engaged in co-investments and direct investments such as the Abu Dhabi Investment Authority (ADIA) and Singapore’s GIC Private Limited. However, some sovereign funds are restricted to a smaller universe of asset classes. What if [...]

Alaska Permanent Fund Struggles to Keep Investment Executives

The Alaska Permanent Fund Corporation (APFC) has trouble keeping investment executives who are not native to Alaska. Over the past few years, a number of high profile CIOs and investment officers have exited the sovereign wealth fund. Recently, David Fallace, who was in charge of special opportunities at the APFC decided to take a job [...]

Fourth Quarter 2015 – Sovereign Wealth Quarterly Available for Download

SWFI released its fourth quarter 2015 publication of the Sovereign Wealth Quarterly. The cover story for this publication was on Alpha Generators. Some key topics included in the quarterly are: low carbon investing, money managers, healthcare investing, Asian urbanization and much more. Only SWFI Subscribers Can Download Issues of the Sovereign Wealth Quarterly Download | [...]

What Should Sovereign Wealth Funds Do Now?

Should they buy or sell stocks? How will oil-based sovereign funds experience a slowdown in the accumulation of financial assets? When equity returns become an important factor for Gulf sovereign fund asset growth, the impact of falling listed equity markets raises issues of fund liquidity. This is why a number of Gulf funds have been [...]

Norway SWF Puts ZTE Corp on the Blacklist

Norway’s Government Pension Fund Global (GPFG) has divested its ownership interests in ZTE Corporation over concerns regarding gross corruption. Other companies on the blacklist include Textron, Raytheon, Altria Group, Airbus Group, Wal-Mart Stores and Rio Tinto. ZTE Corp. is China’s largest manufacturer of telecommunications equipment and network solutions. [ Content protected for Sovereign Wealth Fund [...]