Public Pension

SWFI Institutional Investor Forum 2017 – Scottsdale Slider 3

A truly all-star panel of experienced chief investment officers (CIOs), Bruce Cundick reads off headings in the Sovereign Wealth Quarterly highlighting trends. They soon discuss the merits of direct investment from a public investor standpoint. < PREVIOUS 4 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


Follow the Money – Episode 33

On February 21, 2017, Rachel Pether, a host of the podcast, sat down with Kevin Baldwin, Director, Institutional Education & Business Development at the The Options Industry Council and Richard Rosenthal, Director, Business Development, FTSE Russell Indexes, Institutional & International Business Development, CBOE Holdings, Inc. This special episode of Follow the Money Show occurred at […]


CONSAR: Afore Banamex Tops Afore XXI Banorte in Number of Accounts for 2016

According to Comisión Nacional del Sistema de Ahorro para el Retiro (Consar), translated roughly to the National Commission for the Savings System for Retirement, Afore Banamex has supplanted Afore XXI Banorte in terms of number accounts at the end of 2016. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to […]


Goldman Sachs Wants to Be the King of Outsourced CIOs

The outsourced chief investment officer (OCIO) industry has grown quickly over the past five years. Both traditional investment consultants, niche boutiques, non-profit companies and asset managers have launched OCIO services. 2015 was the beginning of industry consolidation in world of OCIO, as larger, well-resourced firms devoured smaller boutiques. For example, in April 2015, Goldman Sachs […]


blackstone

What Will Blackstone Do With Aon’s Record-Keeping Business?

Private equity firms are attracted to cash-flowing companies that help large enterprises cut costs. The Blackstone Group has agreed to buy insurance broker Aon’s benefits administration and human resources business process outsourcing (BPO) platform. This deal includes getting Aon’s U.S. defined contribution record-keeping business. The transaction includes a US$ 4.3 billion upfront payment, and upwards […]


SWFI First Read, February 9, 2017

Franklin Resources Brings on AlphaParity Franklin Resources, Inc., which operates as Franklin Templeton Investments, announced that the team from New York-based AlphaParity LLC, a risk premia investment firm, will join its Franklin Templeton Solutions platform. Founded in 2012 by Steve Gross and Joshua Smith, AlphaParity oversees roughly US$ 500 million as of December 31, 2016, […]


CalPERS Continues to Sell Off Private Equity Interests

The California Public Employees’ Retirement System (CalPERS) continues to unwind parts of its massive private equity portfolio. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI – Movers and Shakers – February 7, 2017

Executive Shuffle at BlueBay Asset Management Eric Gerth will become the Chief Executive Officer of BlueBay Asset Management LLP effective around May 2017. Previously, he was Global Head of Business Development at BlueBay Asset Management since December 2012. Before BlueBay Asset Management, he was the Chief Executive of Global Business Development at Aviva Investors London […]


Sovereign Funds and Pensions Parking Money in Smart Beta Strategies

Equity-focused sovereign wealth funds understand that smart beta factors have cycles. However, which factors will outperform in 2017? For asset managers and owners, 2016 was a noteworthy year for smart beta strategies in terms of adoption, inflows and product growth. Motivated institutional investors, such as sovereign funds and pensions, are looking to allocate more capital […]


Mega Asset Owners Form Investor Stewardship Initiative

A collective of institutional investors have formed the Investor Stewardship Group to establish a framework of basic standards of investment stewardship and corporate governance for U.S. institutional investor and boardroom conduct. “In markets around the world, there are well-established governance and stewardship codes. The Investor Stewardship Group’s goal is to codify the fundamentals of good […]


SWFI First Read, January 27, 2017

OFFICIAL: OMERS Kicks in Juice for Fairfax Allies World Deal Toronto-based Fairfax Financial Holdings Limited and the Ontario Municipal Employees’ Retirement System (OMERS) announced that they have entered into an agreement pursuant to which OMERS will invest US$ 1 billion in order to indirectly acquire approximately 21% of the issued and outstanding shares of Allied […]


BlackRock Moves $1 Trillion in Custodial Assets from State Street to JPMorgan

In a rare move, BlackRock Inc., the world’s largest asset manager, announced they are migrating more than US$ 1 trillion of its assets from the custody of State Street Corporation to its competitor JPMorgan Chase & Co. Ultimately, the decision was to lower costs for BlackRock’s clients. The custodial deal was one of the biggest […]


South Korea’s NPS to Increase Activity at Overseas Offices

South Korea’s National Pension Service (KNPS) is permitting its foreign offices to conduct more activity than before. KNPS has overseas offices in London, Singapore and New York. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, January 20, 2017

Trump to Inherit Nearly $20 Trillion in Public Debt U.S. public debt outstanding at the end of Barack Obama’s term has ended at US$ 19,961,467,137,973.64, according to the U.S. Treasury. The amount is just shy of US$ 20 trillion. When Obama won election in 2009, the U.S. public debt outstanding stood at US$ 10,626,877,048,913.08. Dallas […]


sovereign wealth india

Billionaire Prem Watsa Feeds OMERS’ Thirst for Indian Exposure

The Ontario Municipal Employees’ Retirement System (OMERS) finalized its participation in a private placement on January 13, 2017 to purchase 17,021,500 subordinate voting shares of Fairfax India Holdings Corporation, which is controlled by Toronto-based Fairfax Financial Holdings Limited, at a price of US$ 11.75 per share for total consideration of US$ 200,002,625. Before the placement […]


BNY Mellon Manhattan

BNY Mellon Refocuses Efforts in ETF Space

BNY Mellon is keen on growing its exchange-traded fund (ETF) business and clearly understands it’s a scale business. The New York banking giant continues to watch its competitor BlackRock gain more AUM inflows from its iShares business. BNY Mellon expects further growth in the ETF space in the next decade as both retail and institutional […]


TREND: Ontario Teachers Invests in Datacenter Business

Is the infrastructure around information technology becoming a utility? New York-based RedBird Capital Partners and the Ontario Teachers’ Pension Plan (Ontario Teachers) are investing in Dallas-based Compass Datacenters, LLC. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Himalaya Capital Wins Global Equity Mandate from San Francisco ERS

The San Francisco City & County Employees’ Retirement System (SFERS) is gradually increasing its asset allocation toward Asian investments in both public and private markets. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI – Movers and Shakers – January 6, 2017

UBS RE Executive to Exit for GIC UK Role Iain Cahoon is leaving UBS AG as co-head of EMEA real estate to become Head of U.K. for Singapore’s GIC Private Limited. Pablo Sánchez Named President of Banco Central de Bolivia Pablo Sánchez is taking over as President of Banco Central de Bolivia (the Central Bank […]


SWFI First Read, January 4, 2017

Trump to Nominate Jay Clayton as SEC Chairman U.S. President-elect Donald Trump is putting forward Jay Clayton, to head the U.S. Securities and Exchange Commission (SEC). Clayton is a partner at law firm giant Sullivan & Cromwell LLP. If confirmed by the U.S. Senate, he would replace Mary Jo White. “Jay Clayton is a highly […]