Public Pension

CPPIB Signs MoU with China’s National Development and Reform Commission

Canadian Prime Minister Justin Trudeau and China’s Premier Li Keqiang in Ottawa signed a number of bilateral agreements. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


This Pension is on Fire

The Dallas Police & Fire Pension (DPFP) is on fire. The pension is responsible for covering the retirement needs of around 10,000 police and firefighters. The plan is in chaos and is on the verge of collapse. The plan’s board and the City of Dallas are in talks about benefit cuts and/or tax increases to […]


SWFI First Read, September 21, 2016

The Economist: How Norway spends its $882 billion global fund Link: View Story (outside link) NZSF Generates Positive Annual Return Amid Tough Climate The New Zealand Superannuation Fund (NZSF) returned 1.89% for Fiscal Year 2015-2016 (ended June 30, 2016). NZSF was hampered down by negative returns in global equities, an occurrence felt by many asset […]


INSURANCE: CPPIB Increases Stake in Enstar Group

The Canada Pension Plan Investment Board (CPPIB) is not slowing down on building exposure to the insurance sector. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


nyc

MORE CONSOLIDATION: Segal Rogerscasey Acquires The Marco Consulting Group

Segal Rogerscasey, the investment consulting business of The Segal Group, Inc., signed an asset purchase agreement to acquire the business of Chicago-based Marco Consulting Group effective January 1, 2017. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, September 11, 2016

Egypt Gets First US$ 1 Billion Tranche from World Bank The Egyptian government has received the first US$ 1 billion tranche of a US$ 3 billion policy finance loan from the World Bank. It is a 3-year loan. Egypt has been plagued with a faltering foreign exchange shortage. The program for the loan is called […]


Taiwan’s Public Service Pension Fund Awards 30 Billion TWD Worth of Mandates

Taiwan’s Public Service Pension Fund (PSPF) has awarded a number of investment mandates. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI – Movers and Shakers – September 5, 2015

Édouard Merette Leaves CDPQ for Unigestion [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Voya Investment Management Promotes Christine Hurtsellers to CEO

Christine Hurtsellers was named Chief Executive Officer of Voya Investment Management, Voya Financial’s asset management business. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Are Private Equity Investing Pensions Suffering from Stockholm Syndrome?

A number of public pension investors clamor for greater transparency but silently hesitate on pulling the trigger for U.S. state-regulated private equity laws. Are these accelerated portfolio monitoring fees a really big deal in the scheme of things? For over two years, the U.S. Securities and Exchange Commission (SEC) with greater power and authority under […]


Friday SWFI News Roundup, August 26, 2016

GPIF Has Tought First Quarter with -3.88% Return Japan’s Government Pension Investment Fund (GPIF) got hit with a US$ 52 billion quarterly loss, a return of -3.88%, for its fiscal first quarter ended June 30. GPIF blamed the loss on a stronger yen which occurred after the United Kingdom voted to leave the European Union […]


UniSuper Extends Investment in Sydney Water Filtration Plant

UniSuper, a large superannuation fund, extended the term of its infrastructure investment in a Sydney water filtration plant to year 2035. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Possible Solution: Chinese Wealthier Pensions Could Support Poorer Ones

China’s wealthier coastal regions, benefiting from industrial production and trade, could end up partially subsidizing the less wealthy interior part of the country. A number of China’s provinces are experiencing widening pension gaps. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Are Institutional Investors Out of the Woods?

As institutional investors glaze over inflation expectations, many are mystified with the recent global equity rally. Wasn’t post-Brexit supposed to deliver a wave of chaos to markets? Should investors thank the Bank of England for its recent actions or was there over-panic regarding Brexit? Astonishingly, the Citi G10 Economic Surprise Index has risen to recent […]


3 Scary Themes in Smart Beta

In greater frequency, more institutional investors, both pensions and sovereign funds, have embraced some level of smart beta allocations. As more investors get into factor-based investing, it’s putting some strategies under pressure to perform. The Threat of Massive Inflows Typically, public pensions are conservative when analyzing new investment strategies. The herd mentality into smart beta […]


Opportunity Cost Model

Wells Fargo Asset Management to Acquire Analytic Investors, LLC

Wells Fargo & Co. inked a deal to acquire quantitative asset manager Analytic Investors, LLC. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Ontario Teachers and Wind Point Partners Acquire Aurora Plastics

The Ontario Teachers’ Pension Plan (OTPP), in partnership with Chicago-based Wind Point Partners, is buying Ohio-based Aurora Plastics, Inc. from its founders. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Harvard

Harvard Management CEO Resigns

Stephen Blyth, the President and CEO of Harvard Management Company, has resigned for personal reasons, effective immediately. Blyth has been on medical leave since May 2016. Robert Ettl, Harvard Management Company’s chief operating officer, will continue to serve as interim CEO. David Barrett Partners, an executive search firm, has been hired to find a permanent […]


canada

PSP Investments and OTPP Buyout Santander in Cubico Sustainable Investments

The Public Sector Pension Investment Board (PSP Investments) and Ontario Teachers’ Pension Plan (OTPP) are going to acquire, in equal proportions, Banco Santander S.A.’s indirect interest in global renewable energy and water infrastructure company Cubico Sustainable Investments Limited, a London-based company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to […]


SWFI First Read, July 25, 2016

Singapore Strategy, Robeco Plants Roots [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]