Public Pension

The Hartford Redirects $1.6 Billion in Pension Liabilities to Annuity

Increasingly, large U.S. financial corporations are looking to reduce long-term pension obligations. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Google’s Big EU Fine Reemphasizes Regulatory Risk for Tech Companies

Alphabet Inc., parent company of Google and worldwide tech giant, has a market capitalization of more than US$ 639 billion as of late June. Just about every institutional investor, such as pensions and sovereign funds, exposed to a passive index probably has a high allocation to Alphabet stock. In addition, according to the latest research […]


In 5-4 Decision, Supreme Court Rejects CalPERS Class Action Argument

A groundbreaking court decision may prompt investors such as endowments, pensions, and sovereign funds, to pay closer attention to future securities class-action cases in order to not miss out on financial recoveries. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Equip Super and Rio Tinto Super Agree to Merge

Equip Super Pty Ltd and the Rio Tinto Staff Superannuation Fund held talks in the beginning of the year to merger. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Britt Harris Named CIO of UTIMCO

Thomas Britton Harris IV (known as Britt) was named President and Chief Investment Officer at University of Texas Investment Management Co. (UTIMCO), effective August 1, 2017. Harris is leaving the Teachers’ Retirement System of Texas (TRS) as chief investment officer. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view […]


How Big Would DC Assets Be After the Amazon and Whole Foods Merger?

E-commerce giant Amazon made a bold move to acquire Whole Foods for US$ 13.4 billion. Whole Foods was facing pressure from activist investors such as Jana Partners, the second largest shareholder in the company. Whole Foods shareholders still have to approve the deal. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please […]


Japanese Bellwether GPIF Requests Managers to Reveal Proxy Votes

Japan’s Government Pension Investment Fund (GPIF) has requested its external fund managers to reveal details of proxy shareholder votes that they exercise on behalf of the fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Sweden’s AP7 to Dump 6 Firms Over Paris, Will Others Follow?

Announced earlier in the day on June 15th, Sjunde AP-fonden (AP7), one of Sweden’s buffer funds, had decided to withdraw its investments in ExxonMobil, Russia-based Gazprom, TransCanada Corporation, Westar Energy, Entergy and Southern Corporation. “Since the last screening in December 2016, the Paris agreement to the U.N. Climate Convention is one of the norms we […]


Jay Jacobs Rotated Out of PIMCO Leadership

Bond giant Pacific Investment Management Co. (PIMCO), owned by Germany’s Allianz, is again reshuffling deck chairs on the executive ship. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Linked NPS Executives Tied to Samsung Merger Shenanigans Get Sentencing

The former South Korean Health Minister Moon Hyung-pyo was sentenced by the Seoul Central District Court to 2.5 years of prison time. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CalSTRS is Done with Thermal Coal Companies

On February 3, 2016, the Board of the California State Teachers’ Retirement System (CalSTRS) voted to divest from U.S. thermal coal companies. Fast forward to June 2017, the CalSTRS board has now voted to divest from all non-US thermal coal holdings, effective July 1, 2017. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers […]


SWFI – Movers and Shakers – June 7, 2017

Taro Ogai Named as Head of Investments for APAC at Willis Towers Watson Willis Towers Watson appointed Taro Ogai as head of investments for Asia Pacific (APAC). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


BlackRock Lobbies Insurance Association to Boost Bond ETF Sales

Insurance companies are major holders of debt, typically more conservative compared to large U.S. pensions when it comes to institutional investing. However, insurance companies and other fixed income investors are being pressed due to shrinking bond inventories at banks. Could insurance companies replace large sections of their bond portfolio with bond ETFs? Extremely unlikely. The […]


JP morgan

J.P. Morgan Plays Catch Up in ETF Race

Many traditional money managers who missed out on the initial rounds of exchange-traded fund (ETF) waves are coming out with their own products and solutions, regardless of the current abundance of ETF selections in the marketplace. Like Goldman Sachs Asset Management, J.P. Morgan Asset Management, which touts clients such as large pensions, endowments and sovereign […]


YIELD GAME: Korean Institutional Investors are Lending Money to More Airlines

Korean institutional funds are finding opportunity in aircraft leasing and lending. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Deep Dive with CIO Farouki Majeed of Ohio School Employees Retirement System

This is an interview conducted by Michael Maduell of SWFI and Farouki Majeed, Chief Investment Officer of the Ohio School Employees’ Retirement System. MADUELL: Thank you for this interview. I’m talking with Farouki Majeed, the CIO of Ohio School Employees’ Retirement System. How long have you been at this organization? MAJEED: I’ve been CIO for […]


SWFI First Read, May 29, 2017

CIC Appears to be in Front for Logicor Deal Some sources are reporting that the China Investment Corporation (CIC) could be the winning bidder for Logicor, the European logistics business of The Blackstone Group. Other bidders include Global Logistics Properties (GLP) and Temasek Holdings, along with Mapletree Investments. Blackstone hired Eastdil Secured to facilitate the […]


OMERS Backs Canadian ETF Provider

OMERS Platform Investments, a unit of OMERS, is buying a minority equity interest in Toronto-based Purpose Investments Inc., an asset management firm with over US$ 3.3 billion in assets under management. Purpose Investments is an exchange traded funds (ETF) provider. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view […]


USS Buys UK Education Portfolio from Epiris Managers

Universities Superannuation Scheme (USS), through its investment unit, spent £95 million to buy the PINE Unit Trust from Epiris Managers LLP, a London-based private equity fund manager. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Former Howard University CIO Joins Progress Investment Management Company

San Francisco-based Progress Investment Management Company, LLC hired Patricia Gerrick as chief investment officer. Previously, she was Chief Investment Officer at Howard University, watching over a pool of US$ 686 million in assets. Gerrick replaced Alex Hsiao who resigned in May 2017 as CIO of Progress Investment Management. Alex Hsiao had joined Progress Investment Management […]